Birdstep IR Policy
Birdstep Technology ASA's (OSE ticker: BIRD) investor relation
program is aiming at providing the financial market with
transparent, precise, timely and equal information, giving the
financial market a best possible foundation for a continuously
correct and intrinsic value based valuation of the securities
issued by the company.
Information disclosures and equal treatment
Birdstep Technology publishes all stock exchange announcements
through the Oslo Børs Information/Cision distribution system,
enabling equal treatment of information in the financial market and
full compliance with the requirement of the Securities Trading
Act.
www.birdstep.com
Birdstep Technology regards www.birdstep.com as a primary IR
tool and makes all stock exchange announcements, presentations,
prospectuses, web casts, press releases i.e, immediately available
on it's homepage. The homepage is also continuously updated with
shareholder structure, analyst coverage, share price development,
financial calendar and additional relevant information.
Share price sensitive information and extraordinary events
Birdstep Technology defines share price sensitive information as
information that directly or indirectly reveals present or future
financial performance, likely of having significant price effects
on securities issued by or related to the company, and that a
reasonable investor would use as part of the basis of his
investment decision. This definition applies regardless of negative
or positive information characteristics.
Extraordinary events, such as mergers and acquisitions and top
management changes, are disclosed without delay and in full
accordance the Oslo Stock Exchange regulations.
Contract awards in EasyConnect
The revenues from EasyConnect contracts are mostly determined by
the number of end users that activates the software. At the time of
contract signature, future end user activations remain uncertain
and depend on a number of factors.
In order to improve the financial markets ability to assess the
current development of the EasyConnect business, Birdstep
Technology will announce all new contracts and all new contract
amendments that entail additional business for EasyConnect when
awarded.
To the extent possible, Birdstep Technology will announce an
estimated figure for annual revenue under the given contract, or
when more applicable, provide guidance on expected annual revenue
by use of the following revenue categories:
Contract
type
Estimated annual revenue
Category
I NOK
1-4 million
Category
II
NOK 4-8 million
Category
III
Above NOK 8 million
Contract announcements - general
For SafeMove, the company will issue stock exchange
announcements for contracts exceeding NOK 1 million in value.
Quarterly Earnings Release
Birdstep Technology holds quarterly presentations in Oslo. The
presentation is broadcasted live on Webcast, open to all interested
parties, and made available on www.birdstep.com. Simultaneously,
the company discloses its interim report, the presentation and
corresponding press releases, through the Oslo Børs
Information/Cision distribution system.
Capital Markets Day
Every 12 months, usually after the second quarter reporting,
Birdstep Technology invites investors, financial analysts and other
interested parties to a Capital Markets Day, providing a thorough
review of the company's operations, strategy and business models.
If deemed important, Birdstep Technology can choose to invite to an
extra Capital Markets Day.
Guidance and Company Research
Birdstep Technology does not provide guidance on quantitative
targets for the company's quarterly revenues and earnings, but may
from time to time issue statements on future development in
disclosed information and releases that may contain information of
such nature. Birdstep Technology also limits research reports
review to correcting errors or underlines information deviating
from the information already made public in stock exchange
announcements. Birdstep Technology does not distribute analyst
research reports.
Silent period
In order to ensure equal treatment of the different stake
holders in the financial market, Birdstep Technology will not hold
any investor meetings and minimize the contact with investors,
analysts and journalist in a four week period prior to the
quarterly earnings release. In this period Birdstep Technology does
not comment on any matters regarding the company's financial
conditions.
Spokespeople
The Chief Executive Officer and the Chief Financial Officer are
the company's contact persons for the financial market and the
financial press.
