Transparency and Disclosure
REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on market abuse (market abuse regulation) & COMMISSION DELEGATED REGULATION (EU) 2016/522.
In compliance with relevant legislation (referring to the protection of the Greek capital market from actions of individuals with access to inside information and from intended actions to manipulate the market), OTE has incorporated in its Internal Regulation of Operations and in the Policy on Insider Trading a transactions disclosure process towards the Company for all persons discharging managerial responsibilities and persons closely associated with them (Liable Persons); such process is in place in parallel with the disclosure process towards the Hellenic Capital Markets Commission and deters the abuse of inside information.
The table below presents the transactions of the liable persons of the Company, according to the applicable law:
Placing special emphasis on transparency and in compliance with Law 3556/2007, Decision 1/434/3.7.2007 and circular No.33 of the Hellenic Capital Market Commission that pertain to information disclosure and transparency requirements for companies which are publicly traded on organized markets (stock exchanges), herein below is attached the regulated information disclosure process in compliance with articles 9, 10, 11 and 11A of the Law 3556/2007, which describes the procedure that a person should follow in order to inform OTE and the Hellenic Capital Market Commission in case of:
acquisition or disposal of important participations
acquisition or disposal or exercise of important percentages of voting rights
acquisition or disposal of financial means
Relevant Laws and Forms
- Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation)
- Commission Delegated Regulation (EU) 2016/522
- Form for Notification of Major Holdings
- Directive 2004/109/EC of the European Parliamnet and of the Council of 15 December 2004