#To See The Beauty Of Life
The members of the Board of Directors and the Board of Auditors of the Company, as well as the Managers with Strategic Responsibilities of the Company (the “Individuals Subject to Blackout Period Obligations”) may not carry out operations – as defined in the Procedure with regard to the Company’s internal dealing -, on their own behalf or on behalf of third parties, either directly or indirectly, connected to Shares, Securitised Debts issued by Luxottica, Derivative Instruments or other associated Financial Instruments (the “Relevant Financial Instruments”) during the period of:
- 7 calendar days prior to the publication of preliminary results on annual net sales and up until the publication, by the Company and also through a press release, of the data contained in the annual financial report, it being understood that, in any case, such period may not last less than 30 calendar days prior to the above publication of the data contained in the annual financial report.
- 30 calendar days prior to the publication, by the Company and also through a press release, of the data contained in the half year financial report and the additional periodic financial report which publication is mandatory by Law;
- 15 calendar days prior to the publication of financial information which the Company may disclose voluntarily with regard to the first and third quarters of the financial year;
(hereinafter, each a “Blackout Period”)
In addition, all the beneficiaries of stock options that provide holders with the right to subscribe to newly issued Luxottica shares, for any purpose whatsoever, are barred from exercising their rights during the 20 calendar days prior to the data in which the ordinary meeting of the shareholders is called to approve Luxottica’s financial statements for each financial year, and up until the date of payment of dividends.