Insider management

Insider regulations

Kesko complies with the EU and Finnish regulations concerning insiders, the insider guidelines of Nasdaq Helsinki Ltd, and the complementary insider instructions confirmed by Kesko.

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.

Closed period

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.

Insider projects

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.

Duties

Insider management at Kesko is concentrated in Legal Affairs. Kesko’s Legal Affairs

  • provides information, instructions, training and advice on insider matters internally,
  • develops insider administration,
  • monitors regulatory changes concerning insider matters,
  • is responsible for insider lists, the list of management and related parties, and other insider administrationrelated procedures,
  • participates in internal investigation of concerns and suspected breaches related to insider matters, and
  • monitors compliance with insider guidelines together with Kesko’s internal audit.
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