Kesko’s insider guidelines
Kesko complies with Nasdaq Helsinki Ltd’s guidelines for insiders in force at any given time. In addition, Kesko Corporation’s Board of Directors has confirmed specific insider guidelines for the Company to complement Nasdaq Helsinki Ltd’s guidelines for insiders.
Insiders at Kesko
The Market Abuse Regulation ((EU) N:o 596/2014, ”MAR”) entered into force on 3 July 2016. As a result of the MAR regulation, the Company no longer has public insiders. The information on the Shareholdings of public insider register pages is not updated after 3 July 2016 and will be removed from the link referred to above on 2 July 2017. In the future, Kesko will not maintain a permanent company specific insider register either, as it will only maintain project specific and event specific insider lists.
As the MAR regulation entered into force, the closed period of 30 calendar days before the publication of interim reports and the financial statements, provided by the MAR regulation, will be applied to managers defined by Kesko. During the closed period, the managers are prohibited from dealing in Kesko’s financial instruments. The Company has imposed a 30-day closed period preceding the quarterly financial performance disclosures also on persons involved in the preparation of Kesko’s interim reports and financial statements. Information on the closed periods is provided annually in as stock exchange release.
As the public insider register was discontinued, the Company’s obligation to disclose the transactions of the Company’s managers and persons closely associated with them changed as of 3 July 2016. At Kesko, Kesko Corporation’s Board of Directors, the President and CEO as well as the other Group Management Board members have been defined to be subject to the requirement to notify their transactions. Published transaction notifications of managers and persons closely associated with them can be viewed here.
Control and training
Kesko’s Lega Affairs Department controls the compliance with insider guidelines 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 Department in the area of insider management include the following among others: