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 non-public information is obtained and up to two full trading days after such information is disclosed by the Company, (b) 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.