Investor Relations

SEVEN KEYS TO SUCCESSFUL INVESTOR RELATIONS 61In practical terms, unless it is can be legally justified not to, the companymust immediately disclose price-sensitive information by means of a. pressrelease. Below is a nonexhaustive list of events that trigger a press release:Acquisitions or disposals: signature of letters of intent, confirmationthat negotiations have begun or ended (acquisitions or disposals) andcompletion of the transaction;Signature of large contracts;Invitations to press conferences/meetings to discuss financialannouncements;Company participation in conferences or trade shows;Results of votes on resolutions submitted to shareholders (notablyapproval of financial statements, dividends, board members’ terms ofoffice);Awards or prizes won;Appointments or resignations of key executives;Investigations launched by administrative authorities, regulators, or taxauthorities;Significant disputes (beginning and resolution);Industrial accidents;All announcements involving products and services (launch, recall,termination);Changes to governance and management structures.2.5.1.2 InsidersThose who have knowledge of such sensitive information are consideredinsiders and are equally subject to specific obligations. Stock-market regulationsmay make a distinction betweenpersons working for the issuer, who, because of their position, have,on a regular basis, direct or indirect access to privileged information