Insiders

Primary insiders are people who have access to inside information, as members of administrative, management or supervisory bodies of the issuer (e.g. executive directors or members of the supervisory board) or because of their job (e.g. as external auditors or interpreters) or as a result of holding part of the issuer’s capital.

Anyone who has access to inside information, without being an insider pursuant to Article 48m para. 4 of the Stock Exchange Act (BörseG – Börsegesetz) can be qualified as being a secondary insider. This includes for example the life partner of a member of the executive board or a cleaner.