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by Board Resolution on:
securities trading policy (Policy) sets out the policy of the Company regarding the trading in Company securities. In this
policy applies to all Executive and Non-executive directors, officers and employees of the Company (including those defined as
Key Management Personnel according to AASB 124 Related Party Disclosures) and their associates (collectively, Restricted
Persons) of the Company, and its subsidiaries (collectively, Group)
Company has adopted this Policy to regulate dealings by Restricted Persons in Securities.
Restricted Persons must comply at all times with the provisions of the Corporation Act and Australian Securities Exchange (ASX)
Listing Rules concerning Share dealings including:
is each Restricted Person's own responsibility to ensure that they are fully aware of their legal obligations with respect
of security dealings.
trading in securities by Restricted Persons must be in accordance with this Policy. Despite anything else in this Policy, Restricted
Persons should not deal in the Company's securities when they possess Price Sensitive Information relating to the Company
that is not generally available to the market.
Persons who possess material price sensitive information (collectively, inside information) relating to the Company, are
prohibited in all circumstances from:
trading is strictly prohibited by law, and it is incumbent upon all Restricted Persons to uphold that prohibition. Insider trading,
or the perception of insider trading, by any Restricted Person will not be tolerated.
trading is a crime and can result in imprisonment, fines, orders to pay compensation and other penalties against the Company and
price sensitive information or inside information is information which is not generally available to the public and which a reasonable
person would expect to have a material effect on the price or value of securities. The person who holds the information knows,
or ought reasonably to know, that the information is not generally available and, if it were, it might have a material effect
on the price or value of the Company's securities.
of inside information include, but are not limited to:
is considered generally available if:
would be likely to have a material effect on the price or value of Company securities if the information might influence persons
who commonly acquire Securities in deciding whether or not to acquire or dispose of Company securities.
the heightened risk of actual or perceived insider trading, the Board has determined that Restricted Persons are prohibited from
dealing in Company securities during the following periods (Closed Periods):
Company Secretary will notify Restricted Persons of the precise opening and closing date of any other Closed Period determined
that is not covered by the restrictions in this Policy, includes:
Restricted Person, who is not in possession of inside information affecting securities, may be given prior written approval to
sell or otherwise dispose of securities during a Closed Period where there are exceptional circumstances. Exceptional circumstances
for obtaining written approval:
requesting prior written approval to sell or otherwise dispose of securities during a Closed Period, a Restricted Person must
submit an application in writing (which can be by email) to the Chairman, generally through the Company Secretary (in the case
of the Chairman an application in writing (which can be by email) to the non-executive Directors) including the reasons for requesting
approval and confirming the Restricted Person is not in possession of non-public price sensitive information. Approval, if granted,
must be in writing (which can be by email) and must specify a time period for which the approval applies.
number of the restrictions described in this Policy prohibit the communication of non-public price sensitive information to other
people or arranging for another person to trade in securities.
a person related to or closely connected with a Restricted Person undertakes trading in securities which are restricted by this
Policy, there is often a presumption that such person has been privy to information which is held by the Restricted Person. If
that presumption is correct, both the Restricted Person and the other person may have engaged in insider trading. Even if that
presumption is incorrect, such trading may create a perception of insider trading.
to the extent that it is within Restricted Persons' power to do so, Restricted Persons should ensure that any securities
trading which is prohibited by this Policy is not undertaken by their:
& Non-Executive Directors must provide to the Company Secretary, all information regarding the trading of the Company securities
within 2 (two) days of a trade in the Company's securities to ensure compliance with all requirements of the Corporations
Act and the Listing Rules.
Persons are not permitted to enter into transactions with securities (or any derivative thereof) in associated products which
limit the economic risk of any unvested entitlements under any equity-based remuneration schemes offered by the Company.
Policy will be reviewed regularly by the Company's Directors having regard to the changing circumstances of the Company
and any changes to this Policy will be notified to affected persons in writing. Material changes in the Policy will be notified
to the ASX in accordance with the Listing Rules.
compliance with this policy is mandatory for all Restricted Persons. Breaches of this policy may damage the Company's reputation
in the investment community and undermine confidence in the market for Company securities.
Restricted Person who becomes aware of a violation of this Policy should immediately report the violation to the Company Secretary.
should also be noted that, in some circumstances, the Company may be obliged to notify regulatory and/or criminal authorities
of a serious breach of this Policy.
you have any questions or need further information on how to comply with this policy, please contact the Company Secretary.