ASX Listing Rule 3 deals with continuous disclosure for the timely provision of relevant price sensitive information to the ASX so that the market might be kept informed of events and developments as they occur.
Disclosure of Information to ASX - Disclosure to Media and Analysts
Disclosure of Information to ASX
The Managing Director will coordinate and oversee all disclosure or announcements or releases to the market via the ASX. All announcements or releases shall be released to the ASX prior to release to other third parties, brokers, analysts or media. Wherever possible Directors, the Company Secretary and senior management shall inform the Managing Director in advance (and wherever possible in a timely manner) of any information that might require disclosure to enable the Managing Director to ascertain the Company’s obligations. Employees are not to determine whether information may be material but must pass on any information of which they become aware to the Managing Director in order for him to ascertain whether it is to be disclosed. Where any ASX disclosure is required the Managing Director shall instruct the Company Secretary accordingly. If the Managing Director is unavailable, the Company Secretary shall obtain approval for any ASX disclosure from any Executive Director or any Director if necessary. The Company Secretary will be responsible for releasing information to the ASX. On its receipt by the ASX, the Company Secretary will ensure that it is disseminated to the directors and management promptly and that it be made accessible to the public as soon as possible. In the event of inadvertent disclosure of information or knowledge of a deliberate leak, the Company Secretary should be informed in order to ascertain whether disclosure of the information to the ASX is required. All material announcements to the ASX are to be posted to the Company’s Website which shall be periodically reviewed to ensure the accuracy and currency of material disclosed thereon. Amendments to the Company’s Web Site may only be made with the approval of the Managing Director. The Company has a policy that prevents Directors, Officers and employees from trading in securities of the Company without giving prior notice to the Company Secretary / the Chairman. Further Directors, Officers and employees are prohibited from trading in any security of the Company:a) two weeks prior to and within 24 hours after the date of the announcement to the ASX of the Company’s annual or half year results;
b) two weeks prior to and within 24 hours after the date of the announcement to the ASX of the Company’s quarterly activities reports;
c) notwithstanding a) or b), at any time while in possession of inside information.