INSIDER ADMINISTRATIONUpon entry into force of the Market Abuse Regulation (EU) N:o 596/2014 (MAR) on 3 July 2016 Tikkurila has amended the instructions and procedures in relation to its insider administration in order to comply with the requirements of the new regulation. New instructions and procedures relate, inter alia, to disclosure requirements, management and supervision of insider information, notification and disclosure of transactions of Managers and persons closely associated with them as well as maintenance of insider lists.
The Company establishes and maintains project-specific insider lists as the need arises. Currently the Company does not have a list for permanent insiders.
Upon entry into force of the Market Abuse Regulation Tikkurila has updated its Disclosure Policy.
Managers in Tikkurila and persons closely associated with them have the obligation to notify the Company and the Finnish Financial Supervisory Authority (“FIN-FSA”) of transactions with Tikkurila’s financial instruments.
Tikkurila has determined the following persons as Managers:
- Members of the Board of Directors;
Closely associated persons include, in respect of each Manager, a spouse or a registered partner or a common-law spouse, a dependent child, a relative who has shared the same household for at least one year on the date of the transaction concerned and a legal person, trust or partnership, the managerial responsibilities of which are discharged by a Manager or by a closely association person mentioned above, which is directly or indirectly controlled by such a person, which is set up for the benefit of such a person, or the economic interests of which are substantially equivalent to those of such a person.