RE: Ant-thats illegal ...18 May 2016 19:17
Ant, unfortunately you do get people on here who don't know what they are talking about. And typically the accuser is the one who demonstrates a clear lack of understanding - like this situation.
U.K. gov
"A person will commit the criminal offence of insider dealing if they have inside information and:
that information is price-sensitive in relation to shares;
they deal in those shares, or encourage someone else to deal in those shares or pass inside information to another person;
the dealing takes place on a regulated market or through a professional intermediary such as a broker. (Included in the definition of a regulated market are exchanges elsewhere in the EU and some other overseas markets.)
‘Inside information’...namely information relating to a particular company that would, if published, be likely to have a significant effect on the price of shares in the company. It will not necessarily be about the company the insider works for: it might be about a supplier or a competitor – for example, news of the winning or loss of a big contract."
Now a meeting with executives of a company is not insider trading. If they disclosed something that was Insider INFORMATION then that is the fault of the exec. If Ant traded off the back of that information and it was deemed to affect the SP he could then be accused of insider dealing.
If anything was going to be disclosed that was insider, you have to sign a disclaimer.
The general contents of such meetings is to reiterate the previously known information and reassure existing or potential investors that they are operating in the best interests of SH's
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