TIMELINE-The EADS insider trading probe

  @ibtimes on

PARIS, Dec 16 - French stock market regulator AMF will announce on Thursday the outcome of a more than three year investigation into suspected insider trading and misleading communications at Airbus parent EADS (EAD.PA). [ID:nLDE5BF0XU]

Industrials

The probe, carried out alongside a separate judicial investigation, concerns share dealings and transparency surrounding delays to the A380 superjumbo in 2005 and 2006.

Here are some key dates:

* Nov. 2005 - Several EADS executives exercise stock options

* Mar. 1, 2006 - Committee of Airbus shareholders meeting in London discusses possible delays in A380 deliveries.

* March 2006 - More executives exercise stock options

* Apr. 4, 2006 - Industrial shareholders Lagardere (LAGA.PA) and Daimler (DAIGn.DE) each announce plans to reduce their stakes in EADS by 7.5 percent.

* May 22, 2006 - AMF opens investigation into trading in EADS shares since Jan. 31, 2006.

* Jun. 13, 2006 - EADS announces delays of 6-7 months in A380 deliveries and issues profit warning.

* June 14, 2006 - EADS shares fall 26 percent.

* July 2, 2006 - EADS co-chief executive Noel Forgeard and Airbus president Gustav Humbert both resign.

* Nov. 2006 - French judicial investigator opens probe into suspected insider trading in EADS shares.

* Dec. 22, 2006 - Judicial probe widens to include EADS communications and share movements from May 1, 2005.

* Oct. 2007 - Leaked AMF report to prosecutors says the regulator's own investigation targets 17 current and former managers at EADS as well as Lagardere and Daimler.

* March 31, 2008 - AMF's highest body recommends penalties for alleged miscommunication to markets and insider trading.

* July 2009 - A spokesman says the AMF sanctions committee recommends clearing 10 individuals as well as Lagardere and Daimler but imposing fines against the other 7 for insider trading and against EADS for poor communication.

* Nov. 23-27, 2009 - Sanctions committee takes testimony from all individuals and companies involved in the case. (Reporting by Matthias Blamont, editing by Will Waterman)

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