VOR's securities trading policy:4. GUIDELINES FOR TRADING IN THE...

VOR's securities trading policy:

4. GUIDELINES FOR TRADING IN THE COMPANY?S SECURITIES 4.1 General rule
Any Director or employee is not permitted to buy or sell Company securities during the period commencing on the tenth (10th) day of the month in which the Company is required to release its Quarterly Activities Report and Quarterly Cashflow Report to the Australian Securities Exchange (ASX) (Quarterly Reports) in accordance with the ASX Listing Rules, and ending two (2) days following the date of release of the Quarterly Reports.
The Company may at its discretion vary this rule in relation to a particular period by general announcement to the market and to all employees either before or during the period.
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However, if a Director or employee of the Company is in possession of price sensitive information which is not generally available to the market, then he or she must not deal in the Company?s securities at any time.
4.2 No short-term trading in the Company?s securities
Directors and employees should never engage in short-term trading of the Company?s securities except for the exercise of options where the shares will be sold shortly thereafter.
4.3 Securities in other companies
Buying and selling securities of other companies with which the Company may be dealing is prohibited where an individual possesses information which is not generally available to the market and is ?price sensitive?. For example, where an individual is aware that the Company is about to sign a major agreement with another company, they should not buy securities in either the Company or the other company.
4.4 Exceptions
(a) Directors and all employees may at any time:
(i) acquire ordinary shares in the Company by conversion of securities giving a right of conversion to ordinary shares;
(ii) acquire Company securities under a bonus issue made to all holders of securities of the same class;
(iii) acquire Company securities under a dividend reinvestment, or top-up plan that is available to all holders or securities of the same class;
(iv) acquire, or agree to acquire or exercise options under a Company Share Option Plan;
(v) withdraw ordinary shares in the Company held on behalf of the employee in an employee share plan where the withdrawal is permitted by the rules of that plan;
(vi) acquire ordinary shares in the Company as a result of the exercise of options held under an employee option scheme;
(vii) transfer securities of the Company already held into a superannuation fund or other saving scheme in which the restricted person is a beneficiary;
(viii) make an investment in, or trade in units of, a fund or other scheme (other than a scheme only investing in the securities of the Company) where the assets of the fund or other scheme are invested at the discretion of a third party;
(ix) where a restricted person is a trustee, trade in the securities of the Company by that trust provided the restricted person is not a beneficiary of the trust and any decision to trade during a prohibited period is taken by the other trustees or by the investment managers independently of the restricted person;
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(x) (xi)
(xii) (xiii)
(xiv)
undertake to accept, or accept, a takeover offer;
trade under an offer or invitation made to all or most of the security holders, such as, a rights issue, a security purchase plan, a dividend or distribution reinvestment plan and an equal access buy-back, where the plan that determines the timing and structure of the offer has been approved by the board. This includes decisions relating to whether or not to take up the entitlements and the sale of entitlements required to provide for the take up of the balance of entitlements under a renounceable pro rata issue;
dispose of securities of the Company resulting from a secured lender exercising their rights, for example, under a margin lending arrangement;
exercise (but not sell securities following exercise) an option or a right under an employee incentive scheme, or convert a convertible security, where the final date for the exercise of the option or right, or the conversion of the security, falls during a prohibited period and the Company has been in an exceptionally long prohibited period or the Company has had a number of consecutive prohibited periods and the restricted person could not reasonably have been expected to exercise it at a time when free to do so; or
trade under a non-discretionary trading plan for which prior written clearance has been provided in accordance with procedures set out in this Policy.
(b) In relation to any share or option plans:
(i) it is not permissible to provide the exercise price of options by selling the shares acquired on the exercise of these options unless the sale of those shares occurs outside the closed periods specified in paragraph 4.1; and
(ii) where the exercise price of options is being provided by a margin loan or other form of lending arrangement then there may be a risk that the employee or Director may need to sell shares to avoid providing additional capital or security to the lender in the event of a decrease in the value of the shares.
Were this to occur at a time when the person possessed inside information then the sale of Company securities would be a breach of insider trading laws, even though the person?s decision to sell was not influenced by the inside information that the person possessed and the person may not have made a profit on the sale. Where Company securities are provided to a lender as security by way of mortgage or charge a sale that occurs under that mortgage or charge as a consequence of default would not breach insider trading laws.


I don't anything that prohibits the company from making any anns in the next 2 weeks