RE: Anthony Coyle6 Nov 2021 19:37
This is the point companies discuss commercially sensitive information with business contacts everyday. It’s up to those contacts to then not act on it, which didn’t happen here. They could have been talking finance, investments, etc.
Have a look at other AIM shares when they have placin s but already have big investors on board who take most of those shares. They’ve had commercially sensitive discussions to get to that point.
Think when we were acquiring the Texas site before it was public knowledge. We would have spoke to the seller, lawyers, architects, surveyors, etc. They all would have received privileged sensitive information from the company which wasn’t in the public domain.
It’s impossible not to give out sensitive information in the normal course of business. That’s why the onus is on the recipient of that information not to trade off it.
I’ve had dealings on a lease surrender with a Plc that was about to shut 100 stores following a business review (which I was also in receipt of). I had to sign an NDA as this was information not in the public domain. It’s happens every day.