Information Policy
The purpose of the policy is that the market shall be able to trust the value of the information delivered by Birdstep. This means that Birdstep:
- will only distribute information of relevance or of such a character that might potentially affect Birdsteps valuation on the stock market
- will not make a comment on customers, partners, competitors or other companies business
- will not give comments or estimation on future financial results or expected business but rather on what is already accomplished
Basic Principles
Birdstep shall, at the same occasion, deliver correct, relevant and trustworthy information to all its owners, the general market, the society and the media.
The revenues from EasyConnect contracts are mostly linked to the adoption of users under the contracts, which are uncertain of nature, making it difficult to evaluate the significance of the contracts when awarded. Consequently, Birdstep Technology don’t announce standard EasyConnect contracts when they are awarded, but updates the financial market on the contract win for the last three months when the quarterly results are announced. However, to provide transparency on an important key performance indicator, Birdstep Technology on the 10th of every month, or the first trading day after the 10th, discloses the previous month’s activation numbers pplying to the products EasyConnect Go and Advanced.
For SafeMove and Service Factory the company will issue stock exchange announcements for contracts exceeding €100,000 in value.
The information policy follows the rules and regulations set by Oslo Stock Exchange.
Information that can influence the stock market valuation shall without further delays be distributed in the form of a press release to the Oslo Stock Exchange (OSE Filing) and immediately thereafter to established news agencies and the daily press through a publishing news agent. The information will also be published on the Birdstep website.
