Ethical & Responsible Decision-Making

Since 2001 the Company has had a formal share trading policy in place applicable to directors, both executive and non-executive, to senior managers and to trading by their family members and associates. The policy restricts directors and senior managers from acting on price sensitive information which is not generally available to the market. In addition to this requirement, the Company prohibits directors and senior managers from engaging in short term trading. Provided they do not have price sensitive information, directors and senior managers may generally trade in the Company's shares:

during the thirty day period commencing three days after the announcement of the full year results, half year results and the Annual General Meeting; or
outside this 30 day period provided they advise the Company Secretary and confirm that they are not in possession of any price sensitive information.”