LapWall complies with insider legislation, including the Market Abuse Regulation “MAR Regulation”, the Financial Supervisory Authority’s regulations and guidelines, and Nasdaq Helsinki’s Insider Trading Guidelines.
LapWall has also prepared insider guidelines to supplement the requirements of the legislation. The purpose of the insider guidelines is to instruct LapWall's personnel on insider issues and to unify and streamline the handling of insider issues, and thus increase confidence in the securities markets.
Insider regulation applies to anyone who has access to or possesses inside information. MAR does not distinguish between permanent insiders and project-specific insiders. A project-specific insider list is prepared when a project is ongoing in the Company. LapWall Oyj’s Board of Directors or CEO defines an issue or arrangement as a project on a case-by-case basis. A project refers to a specifiable set of measures or an arrangement being prepared confidentially by the Company, which the Company deems to constitute inside information and the delayed disclosure of which has been decided by the Company. Project-specific insider lists are not public. Project-specific insiders are persons who participate in the preparation of a project or are otherwise aware of a project that is considered confidential.
The closed period refers to the period from the end of the reporting period to the publication of the interim report or financial statements release for that reporting period (always at least 30 days), during which managers subject to disclosure requirements and other persons defined by the company as insiders are prohibited from trading in the company's financial instruments. Project-specific insiders are not allowed to engage in share, option or other trading in the Company’s securities during the duration of the project until LapWall has notified the insiders that the trading restriction has been lifted.
The company's management and their related parties must report transactions conducted on their own account in the company's financial instruments to both the Company and the Finnish Financial Supervisory Authority without delay and no later than three (3) business days after the execution of the transaction. The Company shall, in turn, publish those transactions in the form of Company releases without delay and within two (2) business days of receipt of the notification.