Austin Exploration

 

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Listed on the Australian
Stock Exchange
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Securities Trading Policy at Austin Exploration Limited

Introduction:

This policy applies to all directors, officers, employees and contractors of the Company and the companies in the group (collectively called Directors and Employees).s policy:

  • includes a brief summary of the laws that govern dealings in the Company's securities (this includes its shares, options, warrants and other financial products traded on a financial market) when Directors and Employees have inside information about the Company (called insider trading);
  • gives guidance to Directors and Employees who may contemplate dealing in the Company's securities; and
  • states the Company's position on Directors and Employees dealing in the securities of other companies where they are in possession of inside information because of their position in the Company Trading Prohibited for Dealings in Company Securities

Directors and Employees who are in possession of inside information about the Company's securities must not:

  • deal in those securities;
  • procure another person such as a family member, friend or associate to deal with those securities; or
  • communicate the inside information to another person who is likely to deal in the Company's securities or procure another person to do so.
  • includes a brief summary of the laws that govern dealings in the Company's securities (this includes its shares, options, warrants and other financial products traded on a financial market) when Directors and Employees have inside information about the Company (called insider trading);
  • gives guidance to Directors and Employees who may contemplate dealing in the Company's securities; and
  • states the Company's position on Directors and Employees dealing in the securities of other companies where they are in possession of inside information because of their position in the Company Trading Prohibited for Dealings in Company Securities

Directors and Employees who are in possession of inside information about the Company's securities must not:

  • deal in those securities;
  • procure another person such as a family member, friend or associate to deal with those securities; or
  • communicate the inside information to another person who is likely to deal in the Company's securities or procure another person to do so.
  • includes a brief summary of the laws that govern dealings in the Company's securities (this includes its shares, options, warrants and other financial products traded on a financial market) when Directors and Employees have inside information about the Company (called insider trading);
  • gives guidance to Directors and Employees who may contemplate dealing in the Company's securities; and
  • states the Company's position on Directors and Employees dealing in the securities of other companies where they are in possession of inside information because of their position in the Company Trading Prohibited for Dealings in Company Securities

Directors and Employees who are in possession of inside information about the Company's securities must not:

  • deal in those securities;
  • procure another person such as a family member, friend or associate to deal with those securities; or
  • communicate the inside information to another person who is likely to deal in the Company's securities or procure another person to do so.

Inside information is information that is not generally available, but if it were a reasonable person would expect it to have a material effect on the price or value of the particular security. Information that would have a material effect on the price or value of a particular security is determined if and only if it would or would be likely to influence persons who usually acquire such securities in deciding whether to sell or buy those securities.

There may be significant criminal and civil liability and penalties (including imprisonment) imposed on those who breach the law concerning insider trading when Dealings in Company Securities are Not Permitted. In addition to the specific prohibition set out under the heading Insider Trading Prohibited for Dealings in Company Securities,

Directors and Employees are prohibited from dealing in the Company's securities in the following circumstances:

  • in the eight week period preceding the lodgment of the Company's half year and annual profit announcements with the ASX;
  • where the dealing would be regarded as 'short term dealing'; and
  • where the Board has resolved that there is a prohibition on dealing in the Company's securities which will be notified to Directors and Employees by the Managing Director or Company Secretary by email or facsimile.