Investor relations principles

Investor relations principles

Duell is a Finnish public limited company whose shares are traded on multilateral Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Ltd. In all its communication, the company complies with:

  • Nasdaq Helsinki’s and First North’s guidelines and rules,

  • The rules, guidelines, and regulations of ESMA (European Securities and Markets Authority) and the Finnish Financial Supervisory Authority,

  • Market stipulations contained in the regulation ((EU) No 596/2014, ”MAR”), and

  • Securities Markets Act, Limited Liability Companies Act and other legal obligations applicable to companies listed on First North.

As Duell’s shares are traded on the First North Growth Market Finland marketplace, Duell is not obligated to comply with the Finnish Corporate Governance Code maintained by the Securities Market Association. However, Duell’s goal is to voluntarily comply with the Corporate Governance Code, excluding the reporting obligations.

The principles of Duell’s communications are openness, timeliness, reliability, transparency, consistency, comprehensibility, and fairness. The company communicates clearly and consistently both positive and negative issues without delay and simultaneously to all stakeholders.

The goal of investor relations is to give the capital markets correct, sufficient, and relevant information about the company's operations, operating environment, strategy, goals, and financial results to support the correct value formation of the financial instruments, issued by the company.

In addition to other suitable distribution channels, all releases are published at the company website. The information is published in Finnish and English.

Financial reporting

Duell publishes financial statement release, half-year report and quarterly reports according to a pre-announced schedule.

Before the start of the upcoming financial year, the company publishes a calendar, which includes the release dates of the financial review, the release week of the annual report, and the date of the Annual General Meeting.

Silent period and closed window

Regularly published financial reviews are preceded by a silent period beginning 30 days before the date of publication of the next financial statement. During the silent period, the company's representatives do not comment on the company's financial situation, markets, or future outlooks. The silent period ends with the publication of a financial statements release or half-year financial report.
If an event (such as a significant business transaction) during the silent period requires immediate disclosure, the company discloses the information promptly in accordance with the provisions and procedures regarding the obligation to disclose insider information and can comment on that event after disclosure.

MAR sets a 30-day closed window for senior executives of the issuer prior to the publication of the semi-annual or annual financial statements and Duell's regular three- and nine-month interim reports. During the closed window, trading in financial instruments issued by the company for its own account or for the account of a third party, directly or indirectly, is prohibited. Trading restrictions are described in more detail in the company's insider instructions.