Directors‘ Dealings ; Reportable Securities Transactions
Pursuant to Section 15a of the German Securities Trading Act, members of management or supervisory
boards of issuers are obliged to inform the issuer and the federal financial services supervisory office
about acquisitions and disposals of, among other things, shares or other securities of the issuer. With
the entry into force of the law for the improvement of investor protection on October 30, 2004, the group
of persons covered by this rule has been extended and now also includes persons who have regular access
to insider information and are authorized to make significant business decisions.
The issuer is also obliged to publish any such communication immediately.
At present there are no current publications according to § 15a (1) WpHG (German only)
Details regarding the notification obligations can be found in the
Law text (German only).
Information according to § 15a WpHG (Directors' Dealings)
HOCHTIEF | Copyright 2008 HOCHTIEF