Turku, Finland, 2016-11-02 13:31 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 2.11.2016 AT 14:30
TELESTE CHANGES ITS STOCK EXCHANGE RELEASE PRACTICE IN RELATION TO PURCHASE ORDERS
Teleste has evaluated its disclosure practices in connection with the new EU Market Abuse Regulation (MAR) and has amended its stock exchange release practice for purchase orders received as part of the ordinary course of business.
In the future, Teleste will publish only the most significant orders as stock exchange releases. Teleste makes a case by case evaluation to determine, whether a purchase order meets the criteria set for a stock exchange release.
Additionally Teleste will regularly publish investor news and press releases of news in relation to its business and to orders received that are deemed to interest the company’s stakeholders, but do not fulfil the criteria for a stock exchange release.
The releases can be found from www.teleste.com.
Teleste´s communication aims at providing the capital market with correct and relevant information, which supports the value formation of the company share.
Teleste is an international technology company that develops and offers video and broadband technologies and related services. Our supply of technology contributes to the convenience and safety of daily living. Our core business is video - video and data processing, transfer and management. Our customer base consists of cable and telecom operators, as well as public sector organizations. Our business is divided into two divisions, which are Video and Broadband Solutions and Network Services. In both areas, we rank among the world's leading companies and technological forerunners. Video and Broadband Solutions focuses on access networks and video security and information solutions. Network Services offers comprehensive services for access network design, construction and maintenance. In 2015, Teleste's net sales totaled EUR 248 million, and the company employed about 1,500 people. Teleste runs a worldwide network of offices and more than 95 % of its sales are generated outside Finland. The company is listed on the Nasdaq Helsinki. For more information see www.teleste.com
President and CEO
Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488