Insider Guidelines
EB complies with the Guidelines for Insiders prepared by NASDAQ OMX Helsinki Ltd (previously OMX Nordic Exchange Helsinki Oy and Helsinki Stock Exchange), Central Chamber of Commerce and The Confederation of Finnish Industries EK. These serve as the foundation for the company's approved Internal Insider and Trading Guidelines. The company's Internal Insider and Trading Guidelines contain regulations on insiders, duty to register with an insider register, prohibition to abuse insider information, and on the personnel's own securities trading. The purpose of the instructions is to explain the content of the Guidelines issued by NASDAQ OMX Helsinki Ltd and other related regulations and restrictions, and to make the handling of insider and trading issues more efficient and consistent within EB.
The company's public insider register and related information is available and maintained by the Finnish Central Securities Depository Ltd (APK). Up-to-date information for public scrutinity is available at the APK Client Service Point, Urho Kekkosenkatu 5 C, Helsinki, Finland. The public insiders include the members of the Board, the CEO and the auditors. The Board has decided that other public insiders shall be the members of the Corporate Executive Board.
The persons to be included in a company specific insider register are approved by the company's Chief Legal Officer. The company specific register it is not public. Company specific insiders are for example nominated persons in legal, financial, accounting and investor relations functions.
According to the decision of the Board of Directors, the company has specified periods during which trading in company shares is forbidden for the company's permanent insiders (including public and company specific insiders). The purpose of trading restrictions is to regulate the EB permanent insiders ownership related trading in the company's shares and thereby to increase public confidence in the company and in the securities market. Trading in company shares is always forbidden for 14 days before the company discloses its financial information. Standard disclosures include interim reports and the company's financial statement bulletins. The restriction also applies to any preliminary data on financial statements and interim reports.
The company may also impose project specific trading restrictions. Project specific insiders include persons who participate from time to time in such projects, which when realised are likely to have an influence on the value of the company's securities. Separate project specific insider registers are maintained when needed by the Chief Legal Officer or his or her deputy.
To view the persons subject to the disclosure requirement in Elektrobit Corporation please click on the button NETSIRE.