RE: News13 Sep 2022 07:46
TF,
Posted previously by falsedawn, the AIM rules on disclosure are:
" An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities. By way of example, this may include matters concerning a change in:
— its financial condition;
— its sphere of activity;
— the performance of its business; or
— its expectation of its performance."
I think the wording is pretty clear "MUST issue" , "WITHOUT DELAY", ANY new developments.
Whether these rules are carried out to the letter in practice is another matter. The withholding of bad news is likely to have a bigger impact on shareholders than positive news. If there were a severe adverse event the "we wanted to be sure" line isn't going to hold up.