Information and Assets

Inside information and market abuse

We comply with regulations regarding insider trading and the fair disclosure of information. We do not use inside information to make trading decisions, nor do we encourage others to do so. This applies to trading in Skanska’s financial instruments (such as shares) or those of other companies.

This means that we:

Do not trade in financial instruments of a company, including Skanska, when we have inside information about that company
Never disclose confidential or non-public information to anyone who does not have a legitimate need and right to know
Do not take part in spreading false or misleading information or do anything to manipulate the price of publicly traded financial instruments
Communicate any information that could affect our share price only through Skanska’s Core Corporate Function Communications or Group Function Investor Relations

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This is information about a company that, if made public, is likely to have a significant effect on the value of shares or other financial instruments. Examples of possible inside information include financial results, material divestments, acquisitions or projects.

Insider trading refers to buying or selling financial instruments in a company while having inside information about that company. Making such trades is illegal, whether you are making the trade yourself or sharing the information with someone else who may trade using the information.

Market abuse includes unlawful disclosure of inside information and market manipulation.

I found out that Skanska has been selected for a very large project that has not been publicly announced. I suspect this information could affect our share price. I would like to buy shares now, but could that be insider trading?

Yes. It could be insider trading. While employees are generally permitted to buy Skanska shares on the open market, you must not do so at any time when you are aware of inside information, which may include the project information you have learned. You must also not disclose this information to anyone unless it’s to your business unit’s Legal team for guidance. Passing on the information to anyone else could violate insider trading laws.