Persons discharging managerial responsibilities ("managers") (i.e. in particular members of the Executive Board and the Supervisory Board) are obliged to fulfill the notification and reporting obligation set out in the Market Abuse Regulation, effective since July 3, 2016. The notification and reporting obligation also applies to persons that are closely associated with the managers which includes the spouse or partner considered equivalent to a spouse, dependant children and relatives who have shared the same household with the manager for at least one year on the date of the transaction concerned. Furthermore legal persons, trusts or partnerships are also deemed to be closely associated with a manager if, inter alia, the manager holds a management position or (direct or indirect) control.
The notification and reporting obligation relates to all transactions with financial instruments of Continental AG (i.e. shares or debt securities) as well as derivatives in relation to the financial instruments of Continental AG, however, only if the overall volume of all transactions within one calendar year exceeds EUR 5,000. When calculating the overall volume, each transaction is to be accounted for separately.
Name | Reason for the Notification Position/status | Initial Notification/ Amentment | Type of Financial Instrument/ ISIN | Nature of Transaction | Price(s) and Volume | Date and Place of Transaction |
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IHO Verwaltungs GmbH | Georg F.W. Schaeffler, Supervisory Board Member | Initial notification | Share DE0005439004 | Pledge of shares in connection with a credit transaction | 48.742.194 shares | 02/03/2021 Outside a trading venue |
Wolfgang Schäfer | Executive Board Member | Initial notification | Share DE0005439004 | Acquisition | €95.92 €287,780.00 | 09/08/2020 XETRA |
IHO Verwaltungs GmbH | Georg F.W. Schaeffler, Supervisory Board Member | Initial notification | Share DE0005439004 | Pledge of securities in connection with a credit transaction | 41,937,694 securities | 06/06/2019 Outside a trading venue |
Schaeffler Verwaltung Zwei GmbH | Georg F.W. Schaeffler, Supervisory Board Member | Initial notification | Share DE0005439004 | Pledge of securities in connection with a credit transaction | 41,937,694 securities | 09/15/2016 Outside a trading venue |