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Redeye has talked to Enea about the recent insider selling. The transactions are related to the outcome of the company's incentive programs. These employee stock options typically lead to large tax effects. Some employees have sold shares to cover these costs. We believe there might be some more transactions for the same reason. In our view, the selling is solely related to tax effects and has no signal value for the company's fundamentals etc. Redeye's view of the company is therefore unchanged.
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