Wärtsilä manages inside information and insiders in accordance with all applicable laws and regulations regarding insiders and insider trading.
The most important statutory provisions are contained in the Market Abuse Regulation (EU) 596/2014 (“MAR”). Wärtsilä also follows the Insider Guidelines of Nasdaq Helsinki Ltd., and Wärtsilä’s Insider Policy.
The company draws up insider lists for projects containing inside information. Insiders are given written notification of their status as insiders and instructions on the obligations that apply to insiders.
Members of Wärtsilä’s Board of Directors and Board of Management and certain other Wärtsilä personnel are prohibited from trading of the Wärtsilä financial instruments during the 30 days prior to publication of the financial statements bulletin or interim report.
Wärtsilä publishes notifications on transactions conducted by persons discharging managerial responsibilities, and persons closely associated with them in accordance with the provisions of the MAR. Persons discharging managerial responsibilities refer exclusively to the members of the Board of Directors and the Board of Management of Wärtsilä. These notifications are available on Wärtsilä’s webpage.
Wärtsilä publishes notifications on transactions conducted by persons discharging managerial responsibilities and persons closely associated with them when the transactions reach a threshold of EUR 5,000 (without netting) on a yearly level in accordance with the provisions of the MAR. As of July 3, 2016 Wärtsilä will publish all managers’ transactions by stock exchange release.
Following MAR regulations the insider register tool has not been updated since 2 July 2016.