FRANKFURT Feb 16 Deutsche Boerse
Chief Executive Carsten Kengeter said insider trading
allegations against him would prove unfounded, given he had no
role in determining the timing of his share purchases ahead of
the announcement of merger plans with the London Stock Exchange
"We, Deutsche Boerse and myself, are fully cooperating with
the public prosecutor. I am certain that, following detailed
investigation, the allegations will turn out to be unfounded,"
Kengeter said at a news conference to discuss the exchange
operator's annual results.
"When I purchased the shares using my own funds, I did not
do so at a time of my own choosing. I did so between 1 and 21
December 2015 within a time-frame fixed by the Supervisory
board," Kengeter said, adding that the shares were subject to a
holding period until the end of 2019.
Kengeter said the company was pursuing its merger with LSE
and that he was engaged in a "constructive dialogue" with
policymakers in Hesse, the German state where Deutsche Boerse is
(Reporting by Edward Taylor; Editing by Maria Sheahan)