BasWare has approved insider guidelines, which follow Guidelines for Insiders approved by the Helsinki Stock Exchange (HEX) and are effective as of January 1, 2006. The guidelines forbid insiders, including persons under their guardianship and companies where they exercise control, to trade in shares or option rights issued of the company for a period of four weeks prior to the publication of an interim report or a financial statements bulletin (the so-called closed window).
The Company public insiders include members of the Board, CEO, Auditors and the employee of an audit firm who holds the main responsibility for the audit as well as those members of the Executive Team responsible for the core functions of the Company. In addition, the Company has a company-specific insider register that includes those who regularly receive insider information in their daily work. Those participating in acquisitions or in other projects affecting the value of the Company’s share are part of the project-specific insider register that apply temporary trade forbiddance.
The Company lawyer is in charge of the guidance and supervision of matters related to insider administration. He is also responsible for the project-specific registers when necessary. The communications manager takes care of the registers of permanent insiders. The insider register of BasWare Corporation is maintained by the Finnish Central Securities Depository Ltd. Up-to-date ownership data on insiders can be viewed at its office in Helsinki, at Urho Kekkosen katu 5 C. The Company has a list of insiders also on its website.