Regulations concerning financial transactions

8.1. Duty of information

Before becoming committed in financial instruments issued by the company or financial instruments he is associated with every director and employee of the company or a company within the group will inform the director who will inform them of the fact whether a ‘forbidden or closed’ period applies.

During such closed or forbidden periods the transactions may only take place with the prior approval from the chairman of the board of directors.

The director or employee will inform the chairman of the board of directors of the planned transaction actually taking place.

8.2. Closed and forbidden periods

The « closed periods » are the following:

  • The period of one month immediately preceding the publication of the annual report or the period, if this is shorter, the period running from the last day the annual report relates to until the publication of the annual report;
  • The period of one month immediately preceding the publication of the biannual financial report until the publication of this report;
  • The period of one week immediately preceding the publication of the provisional reports running until its publication.

The « forbidden periods » or the periods considered as privileged commence on the moment a director is informed of the privileged information (in the sense of section 1, 1° of the Act of 9th May 2006 on market abuse) and run until the publication thereof.

8.3. Publication of transactions

The transactions relating to financial instruments issued by the company or relating to instruments with which they are associated will be disclosed if their publication is imposed by law.