The rules governing managers’ transactions (formerly: rules governing directors’ dealings) require persons with special corporate responsibility for DEUTZ AG (managers) and natural and legal persons closely associated with the managers pursuant to Art. 19 of the Market Abuse Regulation (MAR) (Art. 19 (9) of Regulation (EU) No. 596/2014) to inform DEUTZ AG of transactions involving DEUTZ shares. All transactions involving debt instruments of the Company and the pledging or loan of the aforementioned securities must also be reported.
Managers are members of the Supervisory Board and of the Board of Management of DEUTZ AG and other persons who regularly have access to inside information and who are authorized to make important business decisions,
Closely associated natural persons include the managers’ spouses, registered life partners, dependent children, and other relatives who have lived in the same household as a manager for at least a year, as well as fiduciaries of the managers.
Legal persons to be considered as closely associated with managers under the rules governing managers’ transactions are those in which the managerial responsibilities are discharged by the manager or persons closely associated with the manager or which are controlled by such a person as defined by the provisions of company law governing influence.
According to Art. 19 (9) of Regulation (EU) No.596/2014, all transactions involving DEUTZ shares or any debt instruments or financial instruments (e.g. options) of DEUTZ AG above an amount of €5,000 per calendar year must be reported. With effect from January 1, 2020, the Federal Financial Supervisory Authority (BaFin) raised the threshold for reportable managers’ transactions under Art. 19 (1), (1a), (8) of Regulation (EU) No. 596/2014 made within one calendar year from €5,000.00 to €20,000.00. If the €20,000 limit is exceeded, all transactions within the calendar year must be reported. This means there may also be a retrospective reporting duty.