Trading Charter. The Board has adopted the following policies regarding the buying and selling of the Company's securities, and communication of inside information by directors, officers and other employees. If any material changes are to be made to this policy the Company must, within 5 days, give the amended trading policy to the company announcements office for release to the market.
Trading Charter. This policy provides guidance to Directors, Key Management Personnel and other employees of Traffic Technologies Limited (Traffic Technologies) and its subsidiaries regarding dealing in Traffic Technologies securities or entering into transactions in products which operate to limit the economic risk of holding Traffic Technologies securities. It has 3 sections: » the first section summarises the xxxxxxx xxxxxxx provisions of the Corporations Act 2001 (Cth) (Corporations Act) and applies to all employees; » the second section sets out Traffic Technologies’ policy about dealing in Traffic Technologies securities and risk limiting products by Directors and Key Management Personnel of Traffic Technologies and its subsidiaries; and » the third section sets out Traffic Technologies’ policy about dealing in Traffic Technologies securities by other employees (other than Directors and Key Management Personnel). The policy applies to all "Traffic Technologies securities" which includes shares (eg ordinary shares and preference shares), options, rights, convertible notes, derivatives and any other financial product able to be traded on ASX or another stock exchange, whether or not such securities are created by Traffic Technologies or issued or created by third parties. The policy may also apply where Traffic Technologies securities are proposed to be used as security for, or are directly associated with, a proposed transaction (eg margin lending). Where this is the case, the proposed transaction should be discussed with the Company Secretary in advance, to determine whether it is covered by this policy. For the purposes of this policy, Key Management Personnel has the meaning given to the expression in AASB 124: Related Party Disclosures, being "those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity". In addition, the policy provisions for Key Management Personnel will apply to any other employee as determined by the Chairman and/or the Managing Director from time to time and so notified in writing by the Company Secretary (see section 3).
