Suggests that the report intentionally omits details regarding potential future developments and expected outcomes of the company's operations. This omission is to avoid "unreasonable prejudice" for the Group.
1. Transparency and Disclosure: Withholding information about expected future developments might be a strategic move to avoid overcommitting or disclosing sensitive plans prematurely.
2. Materiality and Confidentiality: The notion of "unreasonable prejudice" suggests that the information being withheld is potentially significant and sensitive. Companies often grapple with the balance between providing meaningful information to shareholders and protecting sensitive strategic plans from competitors. This decision might be driven by a need to maintain confidentiality until plans are sufficiently solidified.
3. Legal and Regulatory Considerations: The statement indicates that the Directors believe that revealing certain information could lead to unreasonable prejudice suggesting a legal assessment of potential risks associated with disclosure.
4. Communication Strategy: The language used in the statement ("unreasonable prejudice") underscores the company's commitment to protecting its interests. The company may want to communicate that it is acting in the best interest of shareholders and stakeholders by being cautious in sharing information that could have negative consequences.
It's a bit of a bombshell statement...but we don't know if this is positive or negative...
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Ann: Appendix 4E & Annual Report, page-21
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