Silent period and blackout period
Ahead of its financial reports, Ratos applies two separate periods: a silent period, which concerns contact with analysts, and a blackout period, which concerns when persons discharging managerial responsibilities may trade in the share.
Silent period
As a listed company, Ratos regularly observes a silent period ahead of each quarterly report. This means that no contact with analysts takes place during the period. The silent period normally begins on the 1st of the same month in which the report is published. Customary contact with analysts may continue until the end of the quarter being reported, even though some of those days fall within the blackout period. The purpose is to ensure that all price-sensitive information is disclosed simultaneously to all market participants, which contributes to fair and transparent trading in the company's share.
Blackout period
The blackout period is governed by the Market Abuse Regulation (MAR) and concerns trading in the share. Persons discharging managerial responsibilities may not trade in the Ratos share during a period of 30 calendar days before the announcement of an interim report or year-end report, excluding the date of announcement. The prohibition covers all trading, whether conducted on or outside the securities market.