Communication principles and standards
Transparency, accountability and timeliness guides the group’s communication activities. In its reporting, the company follows applicable securities and accounting legislations and the guidelines set out by the Oslo Stock Exchange and The Norwegian Investor Relations Association and their opinion of best practice related to financial reporting and Investor Relations information.
Communication channels and activities
The quarterly, interim and annual results are presented to the financial markets and business journalists. All presentations are transmitted directly by webcast. Results are also posted on the company’s investor relations pages (https://www.walleniuswilhelmsen.com/investor-relations/). Further, the company hosts an annual capital markets day (For the 2017 capital markets day presentation see: https://www.walleniuswilhelmsen.com/globalassets/wwl-asa-capital-markets-day-2017.pdf ), to give the stakeholders more in-depth knowledge about the company’s activities and strategies. The market is regularly informed about the company’s activities and results through stock exchange notices, annual and interim reports, press releases and updates on the company’s web site.
Extensive information about the activities of the group is provided on the group’s web pages. A separate section named “Investors relations” (https://www.walleniuswilhelmsen.com/investor-relations//) includes relevant information to shareholders, including reports and presentations, financial calendar, share information, contact and news and media. The company has a dedicated Investor relations team, and the main point of contact is Mr. Bjørnar Bukholm.
The company is present on social media, but has strict rules on who can utilise social media for company purposes and has clear guidelines stating that stock sensitive information must be published through the stock exchange before it is made available in social media.
For a period of four weeks before the planned release of quarterly financial reports – the silent period – the company will not comment on matters related to its general financial results or expectations, and contact with external analysts, investors and journalists will be minimized. This is done to reduce the risk of information leakages and that the market has access to different information.
Deviations from the code: WWL ASA is in deviation of section 13 of the Code, which recommends guidelines covering the company’s contact with its shareholders outside the General Meeting. Although the Board of Directors has not determined such guidelines, shareholders are invited to four quarterly presentations a year, as well as a capital markets day. A financial calendar is also updated and made public for the shareholders annually. WWL ASA’s website is also regularly updated with relevant information.