Tieto follows the Nasdaq Helsinki 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 Market Abuse Regulation (EU/596/2014, ”MAR”) entered into force on 3 July 2016, Tieto no longer has public insiders. Tieto however discloses the ownership information of the Board members and President and CEO monthly and members of the Leadership Team quarterly.
Tieto has defined the Board of Directors and the President and CEO of the parent company Tieto Corporation to be subject to the requirement to notify their transactions.
In addition, Tieto has set restrictions on trading for members of the Leadership Team, persons attending the preparation of interim reports and financial statements as well as other persons who are considered to receive information of confidential and sensitive nature in their position or service.
The managers and the persons with restricted trading 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.