Investor relations policy
fix(disclosure): add planned/intended hedge to 2 unhedged forward-verb sentences in investor-relations-policy
@@ -84,8 +84,8 @@ The purpose is twofold. First, a quiet period is intended to protect the issuer confirming or denying analysts' estimates — which would be guidance through a selective channel — at the moment when internal reporting is being consolidated and management is most likely to know the quarter's actual outcome. Second, it would create a predictable, publicly understood period in which all market participants know the issuer will not communicate privately, reducing the risk of rumour-driven trading. understood period in which all market participants understand the issuer does not intend to communicate privately, reducing the risk of rumour-driven trading. The restriction is intended to reach statements that could constitute guidance, confirmation of estimates, or disclosure of information not yet publicly filed. Within a quiet period the @@ -112,8 +112,8 @@ the issuer to update guidance every quarter as conditions change. ### Updating or withdrawing guidance Where guidance has been given and later becomes unreliable before the next scheduled disclosure, the issuer must determine whether the change is material. A material change Where guidance has been given and may later become unreliable before the next scheduled disclosure, the issuer is intended to determine whether the change is material. A material change requires an immediate press release updating or withdrawing the guidance. Under the planned policy, the Chief Financial Officer would make that determination in consultation with legal counsel, and would document the decision and its basis for the audit file.