Article 19 of the European Market Abuse Regulation (MAR) requires that directors' dealings must be reported and published. On transparent capital markets, market participants must be able to see if members of Management Boards or Supervisory Boards trade with financial instruments that their own companies have issued.  

Within three business days, executives must report effected transactions with shares of Koenig & Bauer AG or related financial instruments (e.g. derivatives) – not only to the issuer but also to the competent authority (BaFin).  

Koenig & Bauer AG must be report notifiable transactions without delay, not later than three days after the transaction, within the entire European Union, using suitable media.