Insider information
Insider information is defined in Article 7(1) of the Market Abuse Regulation. Insider information is information of a precise nature which has not been made public, relating, directly or indirectly, to one or more issuers or to one or more financial instruments. If such information were made public, it would be likely to have a significant effect on the prices of those financial instruments or on the price of related derivative financial instruments. The company defines in each case whether the matter at hand is insider information. The company handles insider information carefully and in a way that does not compromise its confidentiality.
Forbidden use of insider information
The use and disclosure of insider information is forbidden. The prohibition of insider trading and illegal disclosure of insider information applies to all natural persons and legal persons in possession of insider information regardless of where and how such information was obtained when such person knows or should know that he or she possess insider information. Chapter 51 of the Finnish Criminal Code stipulates that abuse and aggravated abuse of insider information are both punishable.
Disclosure of insider information and delay of disclosure
The company will disclose insider information concerning the company to the public as soon as possible, unless a decision is taken to delay this upon the fulfillment of the preconditions set out in the Market Abuse Regulation. If the company decides to delay disclosure of insider information, the company shall monitor the fulfillment of delaying criteria throughout the delay process i.e. until the insider information is published or the project in question expires. The company will not disclose information about projects that have lapsed. If the confidentiality of the information that is subject to the delay cannot be guaranteed, the company will publish the insider information as soon as possible.