* the meaning of Restricted Periods
The ‘Act on Trading in Financial Instruments of 29 July 2005’ introduces a term of so called closed periods. According to 159.1 of the Act, during a closed period persons having access to inside information (in particular: members of the management board, supervisory board, proxies or attorneys-in-fact of the issuer, its employees, qualified auditors or other persons related to the issuer under any mandate contract or any legal relation of a similar nature) may not acquire or dispose of, for their own account or for the account of a third party, any of the issuer’s shares, derivative rights attached thereto or other financial instruments related to such shares, and may not take for their own account or for the account of a third party any other legal transactions which lead or might lead to the disposal of such financial instruments.
- in case of a quarterly report – the Restricted Periods lasts for two weeks preceding the publication of such report
- in case of an annual report – the Restricted Period lasts for two months preceding the publication of such report