The Board of Directors has confirmed Tecnomen Group’s Insider Guidelines which include regulations for statutory insiders and project-specific insiders on insiders, insider management, insider disclosure requirements, prohibition on abuse of insider information, and personnel’s engagement in personal securities transactions trading in securities for one’s own account.
Tecnomen’s Insider Guidelines are binding on all personnel and management of Tecnomen Group, irrespective of whether they belong to the insiders who are subject to the declaration requirement and whether they are subject to the obligations arising therefrom. Tecnomen’s insider regulations have been distributed to all insiders.
Tecnomen's permanent insiders and insider register
The company’s permanent public insiders are the members of the Board of Directors, the President and CEO, the auditor and the members of the Management Board. All permanent public insiders and the statutory information about them, their related persons and the corporations that are controlled by related persons or in which they exercise influence, have been entered in Tecnomen’s register of public insiders.
Tecnomen’s other permanent insiders include persons who in their work regularly obtain information that may have a significant impact on the value of the company's shares and they are entered into company-specific, non-public insider register. These are the persons responsible for the main product lines, and the persons responsible for the company’s treasury function, financing, legal matters, research and development, marketing, communications and the assistant to the senior management.
Tecnomen imposes a restriction on trading for insiders which forbids trading in the company’s shares by insiders for 14 days before the publication of financial reports. Observation of insider regulations is monitored by taking samples at certain intervals of trading by insiders in the company’s shares.
When necessary, Tecnomen sets up separate insider registers for major projects. Insiders for a specific project are people who in connection with the insider project obtain information about the company that might have a significant impact on the value of the company’s shares if it were published.
CFO is responsible for managing and monitoring insider issues.