Kesko complies with the EU and Finnish regulations concerning insiders and the insider guidelines of Nasdaq Helsinki Ltd. Kesko's Board of Directors has confirmed insider instructions for the Company that complement these.
Management and management transactions
Kesko has determined that ‘managers’ (persons discharging managerial responsibilities) in Kesko, as referred to in the EU Market Abuse Regulation (MAR), comprise the members of Kesko Corporation’s Board of Directors, and the President and CEO and other members of the Group Management Board. The managers and their related parties are obliged to inform Kesko and the Finnish Financial Supervisory Authority of transactions they make with Kesko's financial instruments such as shares. Transactions by the managers and their related parties are disclosed in accordance with MAR. Published transaction notifications of management members and persons closely associated with them can be viewed here.
A closed period of 30 calendar days before the publication of interim reports, the half year financial report, and the financial statements release is applied to members of management at Kesko. The Company has imposed a corresponding 30-day closed period also on persons involved in the preparation of Kesko’s interim reports, the half year financial report, and the financial statements. During the closed period, the persons are prohibited from trading in Kesko’s shares and other financial instruments.
A project-specific insider list is established for projects involving insider information. Persons on the list cannot trade in financial instruments in Kesko during the project.
Control and training
Kesko’s Legal Affairs controls compliance with insider regulations and instructions and maintains the Company’s insider lists and a list of managers and persons closely associated with them. The duties of Kesko’s Legal Affairs in the area of insider management include: