"All directors were advised of a trading blackout period which commenced effective 7 March 2009."
This above quote from the company announcement on 17 March.
"The Blackout Rule The blackout rule is a voluntary rule contained in many listed companies’ codes of conduct and trading policies which prohibits directors trading in the company’s securities during stipulated periods such as between the close of a financial period and the release of half year or full year results. The purpose of the blackout rule is to maintain an informed and orderly market by minimising the potential perception that directors or others are dealing in the entity’s securities while in possession of inside information." Newsletter article TressCox Lawyers.
But is this a special blackout caused by shares in Tsang's wife's name being entered into the wrong account, as was posted in the announcement and if so what is the length of the blackout imposed?
Can anyone shed some light or clarify the situation, please?
DRX Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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