RE: Closed Period19 Feb 2024 13:01
@MT-you are right about 1 thing and that is I am not a paid Arc ramper and know that it's not the sort of nonsense that they indulge in.
Arc are not sailing "close to the wind" by informing holders that they are in a close period, and whatever inferences people may wish to draw from that close period is of their own making. No material news or detail has been released and as I said that the reason for the CP will no doubt be forthcoming if or when news transpires (whatever it may or may not be)
And far from dubious behaviour, I believe that if asked a director is obliged to say if they are in a CP. Not commenting could have a detrimental effect on a share so just an acknowledgement is normal practise. Which as you can read has been done !
What is Article 7 of the UK market abuse regulation?
The following has not been done ,so no sailing anywhere...!
Under Article 7(4) of the MAR , “information which, if it were made public, would be likely to have a significant effect on the prices of financial instruments”, means information that a reasonable investor would be likely to use as part of the basis of his or her investment decisions.