Tieto follows Nasdaq Helsinki’s Rules of the Exchange and Guidelines for Insiders. In addition, Tieto’s Board of Directors has adopted Tieto Insider Rule. As a result of the entry into force of the Market Abuse Regulation (EU/596/2014, ”MAR”) on 3 July 2016, Tieto no longer has public insiders 3). Tieto however will disclose the ownership information of the members of the Board of Directors, President and CEO and members of the Leadership Team quarterly.
Tieto has specified that the Board of Directors and the President and CEO of the parent company Tieto Corporation are subject to the requirement to notify their transactions. In addition, Tieto has set restrictions on trading for the members of the Leadership Team, persons participating in the preparation of interim reports and financial statements as well as other persons who are considered to receive information of a confidential and sensitive nature in their position or service.
The managers and other persons subject to trading restrictions are prohibited from dealing in Tieto’s shares or other financial instruments during the closed period. The closed period covers 30 calendar days before the disclosure of an interim financial report or a financial statement release including the date of disclosure (= 30 + 1 days).
At Tieto, the General Counsel is in charge of insider administration. Tieto’s Legal department shall monitor the compliance with the insider regulation and takes care of necessary guidance and training.