Key Developments: Tulikivi Oyj (TULAV.HE)

TULAV.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tulikivi comments on FY 2014 financial guidance
Tuesday, 29 Apr 2014 03:00am EDT 

Tulikivi Oyj:Sees full FY 2014 net sales to be at the same level as in 2013.Reported sales of 43.7 million euros for FY 2013.Expects FY 2014 operating result to be positive.  Full Article

Tulikivi proposes no dividend for FY 2013
Wednesday, 12 Mar 2014 09:00am EDT 

Tulikivi Oyj:Proposes that no dividend be paid for FY 2013.Paid no dividend for FY 2012.  Full Article

Tulikivi issues FY 2014 financial guidance
Monday, 10 Feb 2014 07:00am EST 

Tulikivi Oyj:Expects full FY 2014 net sales to be at the same level as in 2013, and operating result to be positive.Reported net sales of 43.7 million euros in FY 2013.  Full Article

Tulikivi Oyj Concludes Codetermination Negotiations in Connection with Reorganization; 76 Employees to Be Made Redundant
Wednesday, 6 Nov 2013 10:05am EST 

Tulikivi Oyj announced that the codetermination negotiations regarding the Company's plans to reduce its workforce, introduce layoffs and reorganize functions were concluded on November 6, 2013. The negotiations concerned the Company’s entire personnel. As a result of the negotiations 76 employees will be made redundant and 10 employees will be laid off until further notice in connection with the centralization of fireplace production at Juuka, the closure of ceramic tile manufacturing at Heinavesi, and the reorganization of operations. Tulikivi also communicated that during the upcoming year, the Company may also introduce temporary layoffs, lasting a maximum of 90 days, concerning the entire personnel. The measures are being carried out in connection with economic and production-related reasons and the reorganization of the company’s operations. The redundancies will be implemented in stages, with most being carried out by the end of 2013.  Full Article

Tulikivi Oyj Updates on FY 2013 Financial Guidance
Thursday, 24 Oct 2013 03:30am EDT 

Tulikivi Oyj announced that although new products will allow the Company to increase its market share, fiscal year 2013 net sales are expected to decline from the 2012 figure. The operating result for the fiscal year 2013 is expected to show a loss. In addition, measures taken under the performance improvement program are anticipated to cause non-recurring expenses of EUR 2.5 million in the fourth quarter. For the fiscal year 2013 the Company's sales result was EUR 51.2 million and operating profit result was EUR 0.1 million.  Full Article

Heikki Vauhkonen's Holding of Tulikivi Oyj's Shares Falls below 15%
Tuesday, 22 Oct 2013 06:30am EDT 

Tulikivi Oyj announced that Mr. Heikki Vauhkonen's holding of the Company's shares has fallen to a level below the threshold of 15% of the stock. Mr. Heikki Vauhkonen’s holdings of 1,025,853 Tulikivi Corporation Series A shares and 5,809,500 Series K shares will, after the share issue, correspond to 11.42% of Tulikivi Corporation’s stock and 40.57% of the votes.  Full Article

Mutual Insurance Company Pension Fennia Reaches 7.59% Holding in Tulikivi Oyj
Tuesday, 22 Oct 2013 05:20am EDT 

Tulikivi Oyj announced that Mutual Insurance Company Pension Fennia's holding of the Company's stock has risen to a level that exceeds the threshold of 5% of the stock following the share issue. Mutual Insurance Company Pension Fennia’s holding of 4,545,455 Tulikivi Corporation Series A shares, after the share issue, corresponds to 7.59% of Tulikivi's stock and less than 5% of the votes. Mutual Insurance Company Pension Fennia and LocalTapiola Mutual Pension Insurance Company will merge to form a new pension company on January 1, 2014. The new pension company’s name will be Elo Mutual Pension Insurance Company. The new Elo Mutual Pension Insurance Company’s holding of Tulikivi Corporation’s shares, including the effect of the share issue being undertaken, will rise to exceed the 5% threshold. Elo Mutual Pension Insurance Company’s holding will be 4,545,455 Tulikivi Corporation Series A shares, which will correspond to 7.59% of Tulikivi Corporation’s stock and less than 5% of the votes.  Full Article

Tulikivi Oyj Announces Final Results of Rights Issue
Monday, 21 Oct 2013 07:15am EDT 

Tulikivi Oyj announced that the Company's directed share issue in a maximum amount of approximately EUR 7.5 million (the Share Issue) was completed on October 17, 2013. According to the final results, 22,920,917 class A share of the Company were subscribed for corresponding to approximately 101% of the offered 22,727,273 shares. On October 21, 2013 the Board of Directors of the Company approved subscriptions of 22,727,273 class A shares in accordance with the terms and conditions of the Share Issue. All shares subscribed for in the Share Issue have been fully paid for. Following the registration of the new shares in the Finnish Trade Register, the number of class A shares will be 50,331,243. The number of class K shares will remain at 9,540,000.  Full Article

Tulikivi Oyj Announces Preliminary Results of Share Issue
Friday, 18 Oct 2013 07:00am EDT 

Tulikivi Oyj announced that the Company's directed share issue in a maximum amount of approximately EUR 7.5 million (the Share Issue) was completed on October 17, 2013. According to the preliminary results, 22,920,917 class A share of the Company were subscribed for corresponding to approximately 101% of the offered 22,727,273 shares. The Company will announce the final result of the Share Issue on October 21, 2013, following the approval of share subscriptions by the Board of Directors. The shares issued in the share issue will be registered in the Finnish Trade Register on or about October 22, 2013 and they will be subject to public trading on the official list of NASDAQ OMX Helsinki Ltd. together with the other class A shares of the Company starting on or about October 23, 2013.  Full Article

Tulikivi Oyj Announces Changes in Shareholders' Holdings
Wednesday, 9 Oct 2013 09:20am EDT 

Tulikivi Oyj announced that Mr. Heikki Vauhkonen’s holding of Tulikivi's shares will fall to a level below the threshold of 15% of the stock following the share issue being undertaken by the Company. Mr. Vauhkonen’s holdings of 1,025,853 Tulikivi Series A shares and 5,809,500 Series K shares will, after the share issue, correspond to 11.42% of Tulikivi Corporation’s stock and 40.57% of the votes. The Company has also been informed that Mutual Insurance Company Pension Fennia’s holding of Tulikivi stock will rise to a level that exceeds the threshold of 5% of the stock following the share issue being undertaken by the Company. Mutual Insurance Company Pension Fennia’s holding of 4,545,455 Tulikivi Series A shares will, after the share issue, correspond to 7.59% of the Company’s stock and 3.12% of the votes.  Full Article

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