10Quiet periods

At HUBER+SUHNER, the general quiet period starts on the day of the last regular Board meeting of the preceding fiscal year (usually early December) or preceding first half of the fiscal year (usally late June), as the case may be, and ends two days after the publication of the relevant ad hoc announcement related to the respective Annual report or Half-year report.

The following group of persons has signed the “Guideline on the prohibition of insider trading” of 22 June 2022 and is affected by the general quiet period:

• Members and Honorary chairmen of the Board of Directors
• Secretariat of the Board of Directors
• Members of the HUBER+SUHNER Executive Group Management including their assistants
• Participants of the Group Meeting*
• Head of Group Strategy and M&A and team members
• Head of Corporate Communications and team members 
• Head of Finance and Accounting at Huber+Suhner AG
• Head of Corporate Controlling and team members
• Head of Business Controlling and team members
• Head of Treasury
• General Counsel

During a general quiet period, affected persons are prohibited from trading in HUBER+SUHNER AG securities or financial instruments derived therefrom, for themselves or through third parties. This transaction block also applies to transactions falling within the scope of an asset management mandate, regardless of the structure of the latter and the agent’s powers. In the year under review there were no execption of this rule. 

The CFO sends a written notification of the dates of the general quiet periods yearly and maintains a list of all affected persons. 

These general quite periods also apply to HUBER+SUHNER Group itself. The purchase of HUBER+SUHNER shares (e.g. for remuneration purposes) must take place outside quite periods.

In addition to the general quiet period, a project specific transaction block in HUBER+SUHNER AG securities may be imposed by the CEO to employees who are aware of specific confidential projects.