Insider Lists and Communications

Quoted company directors are under obligations under the Listing Rules to communicate information to holders and potential holders of their listed securities in such a way as to avoid the creation of a false market and to take resonable care to ensure that any information they disclose is not misleading, false or deceptive.

To fulfil these obligations, we believe that companies need to ensure that they have procedures in place to maintain an orderly control over price sensitive information both internally and externally.

The solution we can provide to do this includes:

• Development and implementation of disclosure procedures and a communications policy
• The production of an Insider List, Insider letters and the ongoing maintenance of these lists and management systems
• The development and maintenance of share dealing codes
• The ongoing development and refinement of the entire process in line with the requirements of the Transparency Directive and the 2006 Companies Act.