According to our Group’s Insider Trading policy, the Board of Directors, the Executive Committee (including the CEO), and employees who have (or may have) access to material non-public information (such persons are referred to as ’Designated Persons’) are banned from trading in Group financial securities during Closed Periods.
In 2025, Closed periods for Members of the Board of Directors and the Executive Committee were the periods starting the 29th day after a financial release until the next financial release (which, however, shall never be shorter than 30 calendar days before a financial release). Closed periods for Designated Persons were i) the periods two months prior to the publication of the annual financial statements of the Group; and ii) the periods starting on the first day of a quarter until the publication of the Group’s quarterly financial statements for that quarter (which, however, shall never be shorter than 30 days before a financial release).
In December 2025, the Board adjusted the Closed Periods in our Group’s Insider Trading policy. According to the updated policy, which entered into effect immediately, Closed Periods for the Board of Directors, the Executive Committee and Designated Persons are: i) the periods starting on the first day of a calendar year until the publication of the annual financial statements of the Company quarter (which, however, shall never be shorter than 30 days before a financial release); ii) the periods starting 30 calendar days before a quarterly or semi-annual financial statements; and iii) such other period as indicated in the designation notice letter issued by the Compliance Officer.
Closed Periods for the Board of Directors and Executive Committee
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November 29, 2024, up to and including February 12, 2025
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March 14, 2025, up to and including April 29, 2025
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May 29, 2025, up to and including July 30, 2025
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August 29, 2025, up to and including October 29, 2025
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November 28, 2025, up to and including December 11, 2025
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January 1, 2026, up to and including February 11, 2026
Closed Periods for Designated Persons
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December 12, 2024, up to and including February 12, 2025
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March 31, 2025, up to and including April 29, 2025
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July 1, 2025, up to and including July 30, 2025
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September 30, 2025, up to and including October 29, 2025
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December 11, 2025, up to and including February 11, 2026
Information policy
The Company is committed to open and consistent communication with shareholders and other stakeholders. The Company uses its website to ensure rapid and equitable distribution of information. This includes:
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Share performance, analyst consensus, and the financial calendar are available here
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Press releases are available here
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Corporate governance documents are available here
Major announcements are accompanied by a live presentation broadcast on the internet. Furthermore, throughout the year, the Investor Relations team engages with investors (current or prospective) and relevant sell-side analysts in virtual and in-person meetings, conference calls, roadshows, broker conferences, or other events. In certain cases, Members of the Executive Committee also participate in meetings with the financial community (see Investor engagement). The Investor Relations team can be contacted via e-mail at e-mail at investors@dsm-firmenich.com.