I was curious as to whether Board and Employee's of Starpharma can participate in a share purchase plan if there was a blackout period or market sensitive information was currently being negotiated in this period but not finalised
According to Starpharma's Securities Dealing Policy, all employee's and board can participate in the SPP, even if there is market sensitive information currently being finalised
As the SPP registration is from 16th December to 15th of January - it actually transgresses into the blackout period (1st January until 24 hours after release of the half yearly results)
So in a nutshell - if my interpretation is correct - a SPP overrides market sensitive information which is not available to the public, and the blackout period
HOWEVER THEY CANNOT PURCHASE/SELL STOCK ON OR OFF MARKET IF THERE IS MARKET SENSITIVE INFORMATION NOT AVAILABLE TO THE PUBLIC
If anyone cares to add their 10 cents worth...........
