Specifically, the Policy prohibits such persons from directly or indirectly buying or selling PLDT shares during the applicable Blackout Period as follows: (a) the period within which a material nonpublic information is obtained and up to two full trading days after such information is disclosed by the Company; (b) the day of, plus two full trading days after the release of the Company’s quarterly or half-yearly financial and operating results; or (c) 30 days prior to, and including the day of, plus two full trading days after, the release of the full year results.