Insiders
SRV Group complies with the guidelines for insiders published by NASDAQ OMX Helsinki Ltd. The public register on insiders with the duty to declare is managed in the Euroclear Finland Ltd's SIRE system.
SRV Group Plc´s Insider Guidelines (pdf)
Permanent public insiders
According to the Finnish Securities Market Act SRV’s permanent public insider register comprises, due to their positions, the members of the Board of Directors, the CEO, the Debuty CEO and the Senior Executive Vice President, the members of the Board of Directors of the major subsidiaries and their management directors, members of the Corporate Executive Team, the auditor and the representative of the debuty auditor, who has the main responsibility for the company's audit. The securities holdings of these persons and their close persons in SRV are public information.Permanent company-specific insiders
SRV Group Plc's Chief Financial Officer (CFO), the Directors of Financing, Legal Affairs, Communications, Human Resources, and Development Affairs, Corporate Counsel, top management's assistants as well as members of the Internal Audit team form SRV’s permanent company-specific group of insiders (in case they are not permanent public insiders as described above). The securities holdings of the permanent company-specific insiders in SRV are not public information.In addition to the permanent public insiders and permanent company-specific insiders, SRV maintains a register of project-specific insiders, whose securities holdings in SRV are not public.
Restriction on trading of permanent insiders
The permanent insiders shall schedule the trading of securities of SRV so that the trading will not undermine confidence in the securities markets. It is recommended that the permanent insiders acquire SRV’s securities as long-term investments. It is also recommended to schedule the trading in and other transactions of these securities as far as possible to the moment, when markets have as exact information as possible of the issues influencing the value of the security (e.g. after publication of result information).According to the internal insider guidelines of SRV Group the permanent insiders may not trade in securities issued by SRV for 14 days prior to the publication of the company’s interim reports or financial statements releases or during the day when the financial staments release or the interim report is published (closed window).
SRV’s internal insider guidelines state as a recommendation that permanent insiders schedule trading in and other transactions of SRV’s securities to the next two weeks after the publication of the company’s financial statements or interim report releases (open window) in case the person does not possess other unpublished insider information and the person is not a project-specific insider. The two weeks' period begins on the day after the publication of the aforementioned result information.