Euronext Acquires Major Interest in InsiderLog

Euronext announced the acquisition of 80% of the capital of InsiderLog, a Stockholm-based leading player in the field of insider list management, for a cash consideration of €5.8 million, plus an earn-out payment depending on future financial performance. InsiderLog automates the management of insider lists in a way that ensures compliance with the requirements of the Market Abuse Regulation (MAR). MAR requires every listed company, their advisors and listed bond issuers to create and manage insider lists for all market sensitive projects. InsiderLog supports compliance officers with this responsibility, from the creation of insider lists, to the management of related information collection workflows, including the reporting to regulators in a standardized format. In addition to insider lists, InsiderLog also manages the administration of Persons Discharging Managerial Responsibilities (PDMR) and the closed period before each financial report.