Directors' Dealings
In accordance with section 15 a of the WpHG, persons discharging managerial responsibilities within an issuer of shares, are obliged to notify the issuer and the German Supervisory Authority (BaFin) of own transactions in shares of the issuer or financial instruments based on them. This duty applies to, amongst others, members of boards of managing directors and of supervisory boards as well as parties who are closely associated with such persons (e. g. family members).
To comply with its disclosure obligations regarding Directors' Dealings, DVB has commissioned news aktuell GmbH, Hamburg, to perform such disclosures on its behalf. Within the scope of this commission, DVB submits notifications of persons or entities subject to disclosure obligations to news aktuell without delay. The news aktuell service complies with all legal requirements vis-à-vis the persons or entities subject to disclosure obligations, and DVB, pursuant to section 15 a of the WpHG. Specifically, news aktuell
- promptly forwards notifications received to BaFin;
- publishes such notifications on the news aktuell website;
- ensures that the notification remains available to the public for a minimum period of one month; and finally
- submits evidence of publication to BaFin, as required by law.
Directors Dealings notifications reported by DVB, and published by news aktuell