Notification of directors’ dealings pursuant to § 15 a WpHG
Pursuant to Section 15a of the German Securities Trading Law (WpHG), members of the Management Board and the Supervisory Board of Praktiker AG (Praktiker) are obliged to disclose their dealings in the company’s shares. This disclosure obligation applies to all transactions exceeding a total amount of €5,000 per calendar year.
The regulation applies to persons who perform management duties at Praktiker and who have regular access to inside information, as well as to persons authorised to make important executive decisions. This also includes persons who are in a close relationship with the aforementioned persons (e.g. spouses or registered cohabiting partners, legal entities for whom the aforementioned persons perform management duties, and legal entities, companies and institutions that are directly or indirectly controlled by the aforementioned persons).
|
