RE: Sells1 Dec 2023 16:16
Key UK Listing Rules obligations
General obligation of disclosure for companies
9.1 A company must notify a Regulatory Information Service without delay of any major new developments in its sphere of activity which are not public knowledge which may:
(a) by virtue of the effect of those developments on its assets and liabilities or financial position or on the general course of its business, lead to substantial movement in the price of its listed securities; or
(b) in the case of a company with debt securities listed, by virtue of the effect of those developments on its assets and liabilities or financial position or on the general course of its business, lead to substantial movement in the price of its listed securities, or significantly affect its ability to meet its commitments.
9.2 A company must notify a Regulatory Information Service without delay of all relevant information which is not public knowledge concerning a change:
(a) in the company's financial condition;
(b) in the performance of its business; or
(c) in the company's expectation as to its performance;
which, if made public, would be likely to lead to substantial movement in the price of its listed securities.
9.3 The requirements of paragraphs 9.1 and 9.2 are in addition to any specific requirements regarding notification contained in the Listing Rules.
9.3A A company must take all reasonable care to ensure that any statement or forecast or any other information it notifies to a Regulatory Information Service or makes available through the UK Listing Authority is not misleading, false or deceptive and does not omit anything likely to affect the import of such statement, forecast or other information.
9.4 A company need not notify to a Regulatory Information Service information about impending developments or matters in the course of negotiation, and may give such information in confidence to recipients within the categories described in paragraph 9.5. If the company has reason to believe that a breach of such confidence has occurred or is likely to occur, and, in either case, the development or matter in question is such that knowledge of it would be likely to lead to substantial movement in the price of its listed securities, the company must without delay notify to a Regulatory Information Service at least a warning announcement to the effect that the company expects shortly to release information which may lead to such a movement.
9.5 The categories of recipient referred to in paragraph 9.4 are:
(a) the company's advisers and advisers of any other persons involved or who may be involved in the development or matter in question;
(b) persons with whom the company is negotiating, or intends to negotiate, any commercial, financial or investment transaction (including prospective underwriters or placees of securities of the company);
(c) representatives of its employees or trades unions acting on their behalf; and
(d) any governme
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