Press release
direct/ Hugin Group (NO) - Hugin launches the European Regulatory News Service to help listed companies meet their new disclosure requirements under the EU Transparency Directive
Oslo, 23. January 2007 - Hugin today announced that it successfully launched its European Regulatory News Service last weekend. Hugin will now help listed companies in Europe to meet all requirements according to the EU Transparency Directive which was introduced January 20 this year.Hugin has over the last year develop an enhanced European Regulatory News Service platform (ERN) that meets our clients disclosure requirements under the EU´s Transparency Directive. With the evolving disclosure framework and the convergence of regulatory regimes across Europe, Hugin´s new ERN service is integrated within Hugin´s easy and straight-through online publishing system. It combines our proven standards of technical and operational facilities, it simplifies the disclosure burden for the clients across the European markets and promotes complementary IR service products.
Hugin´s ERN service ensures simultaneous dissemination to institutional and retail investors, the media as well as it helps our clients to fulfill the obligations of the new regulatory requirement. The product covers the necessary local distribution as well as a full pan-European distribution network. Additionally, according to local country rules, all regulated information will be delivered to the required Competent Authority, the Officially Appointed Mechanism (OAM) and stock exchange. Companies can also take the opportunity to enlarge their exposure by releasing their information over multiple channels and a wide selection of additional distribution circuits.
Hugin´s ERN Service is designed to be an EU-wide service. The first phase is available for various home and host combinations of 10 Member States including U.K., Ireland, Finland, Germany, Denmark, Sweden, Luxembourg, Belgium, the Netherlands, and Austria. The remaining Member States will be added as part of Hugin´s on-going EU Transparency Directive project and expansion strategy.
The online publishing system with the introduced extensive network and new EU regulatory solutions will ensure our clients´ regulatory compliance and further strengthens Hugin´s position as the leading pan-European provider of Investor Relations and Public Relations distribution services.
"Hugin has always focused on solving clients needs and helping issuers to meet their disclosure obligations with innovative, automated solutions since 1995. Our clients will clearly benefit from our new European News Service" says Tor Bækkelund, CEO Hugin Group.
About The Hugin Group
The Hugin Group is Europe´s leading provider of innovative solutions for connecting communication professionals with their target audiences. Hugin was founded in 1995, and in just a few years it has become one of Europe´s leading distributors of unedited corporate information. Since December 2006 Hugin is a fully owned subsidiary of Euronext, the Pan-European stock exchange.
Hugin currently distributes press releases on behalf of over 1200 companies throughout 20 European countries and employs around 86 people in 9 countries - Belgium, Denmark, Finland, Germany, the Netherlands, Norway, Sweden, Switzerland and the UK.
Our core business is offering real-time quality information by providing communication professionals with the most innovative, straight through processing solution for the delivery of unedited facts to their target audiences. Through the merger with directnews in 2005, Hugin now offers tailored research and management of media data as well as press release distribution to targeted media world-wide.
Hugin offers investors and journalists real-time news through its Internet portal at http://www.huginonline.com/ and via free email subscription. Online portals, data vendors and newswires are provided real-time feeds to of all our news.
For more information go to http://www.hugingroup.com
Euronext Information Services
Euronext´s Information Services SBU is responsible for operating Euronext´s data feeds and providing a wide range of data products. It distributes and sells market data, such as price, transaction and order book data, and is responsible for compiling and managing Euronext´s indices through Euronext Indices B.V., a subsidiary of Euronext. In 2005 the Information Services SBU generated total turnover of EUR 93.6 million, an increase of 7.2% compared with 2004. For more information go to www.euronext.com
Journalist and media enquiries contact:
Matthias Erler, Director Marketing & Partner Development +49 89 17 95 92 93
Tor Bækkelund, CEO Hugin ASA, +47 41 69 52 41
Sales enquiries contact:
Peter van Heeke, Sales Director, +32 477 87 27 85
The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.
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