Share Trading Policy
The Company has in place a formal Share Trading Policy which regulates the manner in which Directors and employees can buy or sell shares in the Company and other securities related to the performance of the shares, and requires that they conduct their personal investment activities in a manner that is lawful and avoids conflicts between their own interests and those of the Group.
The policy is specifically designed to raise awareness and minimise any potential for breach of regulations relating to insider trading contained in the Corporations Act. The policy is also designed to minimise the chance that misunderstandings or suspicions arise regarding employees trading while in possession of non-public price sensitive information. The policy is applicable to all Directors and employees of the Company as well as all Directors and employees of the Babcock & Brown Group, which exerts control over the Management Company.
The policy specifies trading windows as the periods during which trading shares can occur. These trading windows will generally be the two week period following the release of the Group's full year or half-year results, the one month following the Company's Annual General Meeting, and the offer period under any prospectus. Trading is prohibited despite a window being open if the relevant person is in possession of non-public price-sensitive information regarding the Group. The Board may authorise the opening of trading windows at other times.
Further, the Company also has a policy which regulates the manner in which the Directors and employees may buy or sell shares in other companies, which may be affected by the activities of the Group. This policy is called the Employee Investment Policy.
The Share Trading Policy is outlined in more detail in the attached document.
View Share Trading Policy PDF.