Can founders trade their shares before the balance sheet and profit and loss account are published for at least two fiscal years after the company is listed on the financial market or registered with the commercial register?
No, founders' shares, whether in cash or in kind, cannot be traded prior to the publication of the balance sheet and the profit and loss account for at least two fiscal years from the date of listing the Company on the financial market or from the date of registration of the Company in the commercial register.