Ivanhoe Australia Limited: Revised Share Trading Policy
Published : February 11, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Australia | Insider Trading | Lead | Market |

MELBOURNE, AUSTRALIA--(Marketwire - Feb. 10, 2013) -


Ivanhoe Australia Limited (TSX:IVA)(News - Market indicators)

As part of a regular review of governance documentation, the Company's Share Trading Policy has been amended and is attached.

By Order of the Board

Annabelle Brooks.

This information is available on our website: www.ivanhoeaustralia.com.

Share trading policy

Ivanhoe Australia Limited ACN 107 689 878 (Company)

Share trading policy

1.  Introduction

1.1 Securities of the Company are quoted on ASX and TSX.

1.2 This policy outlines:

(a) when directors, senior management and other employees may deal in Company Securities;

(b) when directors, senior management and other employees may deal in listed securities of another entity (because they may obtain inside information about another entity's securities while performing their duties for the Group); and

(c) procedures to reduce the risk of insider trading.      

2. Defined terms

In this policy:

Approving Officer means:

(a) for an Employee, the Company Secretary; and

(b) for a Designated Officer, the Managing Director or the Company Secretary.

ASX means ASX Limited.

Board means the board of directors of the Company.

Business Day means a day which is not a Saturday, Sunday or a bank public holiday in the state of Victoria

Company Securities includes shares in the Company or a Group member, options (warrants) over those shares, derivatives and any other financial products of the Group traded on ASX or TSX.

Designated Officer means a director or person engaged in the management (Level 4 employee or above) of the Group, whether as an employee or consultant.

Employee means an employee of the Group, [including both full time and part time employees] [but excluding casual employees and contractors] and excluding any person who is a Designated Officer.

Group means the Company and each of its controlled entities.

Restricted Person means an Employee or a Designated Officer.

TSX means Toronto Stock Exchange.

3. Insider trading

3.1 If a person has information about securities and the person knows, or ought reasonably to know, that the information is inside information, it is likely to be illegal for the person to:

(a) deal in the securities;

(b) procure another person to deal in the securities; or

(c) give the information to another person who the person knows, or ought reasonably to know, is likely to:

(i) deal in the securities; or 

(ii) procure someone else to deal in the securities.

3.2 Insider trading is a criminal offence. It is punishable by substantial fines or imprisonment or both. A company may also be liable if an employee or director engages in insider trading.

3.3 Insider trading may also attract civil penalties. A court may impose substantial pecuniary penalties for insider trading and order payment of compensation to persons who suffer loss or damage because of insider trading.

4. What is inside information?

4.1 Inside information is information that:

(a) is not generally available; and

(b) if it were generally available, would, or would be likely to, influence persons who commonly invest in securities in deciding whether to acquire or dispose of the relevant securities.

4.2 Information is generally available if it:

(a) is readily observable;

(b) has been made known in a manner likely to bring it to the attention of persons who commonly invest in securities of the relevant type and a reasonable period for that information to be disseminated has elapsed since it was made known; or

(c) consists of deductions, conclusions or inferences made or drawn from information falling under paragraphs 4.2(a) or 4.2(b). 

5. What is dealing in securities?

Dealing in securities includes:

(a) applying for, acquiring or disposing of, securities; 

(b) entering into an agreement to apply for, acquire or dispose of, securities; and 

(c) granting, accepting, acquiring, disposing, exercising or discharging an option or other right or obligation to acquire or dispose of securities.

6. When a Restricted Person may deal

6.1 A Restricted Person may only deal in Company Securities if he or she has complied with paragraph 8 or where paragraph 6.3 applies.

6.2 A Restricted Person may deal in the listed securities of another entity if he or she does not have information that he or she knows, or ought reasonably to know, is inside information in relation to those securities.

6.3 A Restricted Person may deal in Company Securities where the beneficial interest in the relevant Company Securities does not change as a result of that dealing.

7. When a Restricted Person may not deal 

7.1 A Restricted Person may not deal or procure another person to deal in Company Securities if:

(a) he or she has information that he or she knows, or ought reasonably to know, is inside information in relation to Company Securities; or

(b) he or she has not complied with paragraph 6.1; or 

(c) the dealing is prohibited by paragraph 7.2.

7.2 A Restricted Person may not deal or procure another person to deal in Company Securities during the periods:

(a) Two (2) weeks prior to each of the reporting deadline dates set by the TSX or ASX for the Company's announcement/filing of its financials statements (quarterly, half-yearly, annually). If the Company elects to file the financial statements earlier than the set reporting deadlines then the Company Secretary will advise of the revised trading restrictions;

(b) The period of two weeks prior to the release of the Company's quarterly report to the
ASX; and

(c) within twenty four (24) hours of information (press release) being released by the Company to the market (ASX or TSX) to ensure it is widely disseminated.

7.3 A Restricted Person may not deal or procure another person to deal in the listed securities of another entity if he or she has information that he or she knows, or ought reasonably to know, is inside information in relation to those securities.

7.4 The trading restriction in paragraph 7.1 continues to apply after termination of employment or other relevant relationship with the Company to the extent that a former Restricted Person is in possession of material non-public information at the time of termination. In such case, no trading may take place until the information becomes public or ceases to be material.

8. Clearance from the Approving Officer

8.1 Except in the circumstances set out in paragraph 8.5, a Restricted Person must first inform the Approving Officer and obtain clearance from the Approving Officer before dealing in Company Securities.

8.2 The Approving Officer may not give clearance if:

(a) there is a matter about which there is inside information in relation to Company Securities (whether or not the Restricted Person knows about the matter) when the Restricted Person requests clearance or proposes to deal in Company Securities; or

(b) the proposed dealing would breach paragraph 7.2; or 

(c) the Approving Officer has any other reason to believe that the proposed dealing breaches this policy.

8.3 The Approving Officer must:

(a) keep a written record of:

(i) any information received from a Restricted Person in connection with this policy; and

(ii) any clearance or refusal to grant clearance given under this policy; and

b. send a copy of the written record to the Company Secretary for keeping.

8.4 The Company Secretary must keep a file of any written record referred to in paragraph 8.3.

8.5 Subject at all times to the overriding prohibition in paragraph 7.1(a), a Restricted Person who is not a Designated Officer may deal in Company Securities without first obtaining clearance from the Approving Officer, during any of the following periods:

(a) in the period between 24 hours and 20 Business Days after the release of the Company's half yearly results to the ASX; 

(b) in the period between 24 hours and 20 Business Days after the release of the Company's annual results to the ASX; 

(c) in the period between 24 hours and 20 Business Days after the close of the Company's Annual General Meeting; 

(d) in any other period designated by the Board.

9. Exceptional circumstances

9.1 The Approving Officer may give clearance for a Restricted Person to sell (but not buy) Company Securities in exceptional circumstances where the Restricted Person would otherwise not be able to do so under this policy. For these purposes, exceptional circumstances are severe financial hardship, a court order (or court enforceable undertaking), or some other overriding legal or regulatory requirement, to transfer or sell Company Securities, or other circumstances that may be deemed exceptional by the Chairman, the Lead Independent Director or the Managing Director. For example, a Restricted Person may be in severe financial hardship if he or she has a pressing financial commitment that cannot otherwise be satisfied.

9.2 The Approving Officer will decide if circumstances are exceptional.

9.3 Any clearance given by the Approving Officer under paragraph 9.1 must be in writing (which may be in the form of an email). The Approving Officer must determine, and specify in the written clearance, the maximum duration of the clearance.

10. Dealings by controlled entities and investment managers

10.1 If a Restricted Person may not deal in the Company Securities, he or she must prohibit any dealing in the Company Securities by:

(a) any body corporate, nominee company, superannuation fund, superannuation trust and family trust to which the Restricted Person controls; or 

(b) any investment manager on their behalf.

10.2 For the purposes of paragraph 10.1, a Restricted Person must:

(a) inform any such controlled entity or investment manager of the periods during which the Restricted Person may and may not deal in Company Securities; and

(b) request any such controlled entity or investment manager to inform the Restricted Person immediately after they have dealt in Company Securities.

10.3 A Restricted Person does not have to comply with paragraphs 10.1 and 10.2 to the extent that to do so would breach their obligations of confidence to the Group.

11. Communicating inside information

11.1 If a Restricted Person has information that he or she knows, or ought reasonably to know, is inside information in relation to Company Securities or the listed securities of another entity, the Restricted Person must not directly or indirectly communicate that information to another person unless it is necessary to do so in the ordinary course of business.

11.2 Outside parties privy to undisclosed material information concerning the Company will be told that they must not divulge such information to anyone else and that they may not trade in the Company's securities until the information is publicly disclosed. Where appropriate, such outside parties will be requested to confirm their commitment to non-disclosure in the form of a written confidentiality agreement.

11.3 A Restricted Person must not inform colleagues (except the Approving Officer) about inside information or its details unless it is necessary to do so in the ordinary course of business.

12. Speculative dealing

A Designated Officer may not deal in Company Securities on considerations of a short term nature.

13. Breach of policy

A breach of this policy by a Restricted Person is serious and may lead to disciplinary action, including dismissal in serious cases. It may also be a breach of the law.

14. Distribution of policy

This policy must be distributed to all Employees and Designated Officers.

15. Assistance and additional information

Restricted Persons who are unsure about any information they may have in their possession, and whether they can use that information for dealing in securities, should contact the Chief Executive Officer.

16. Approved and adopted

This policy was approved and adopted by the board on 8 February 2013.

ACN 107 689 878

Ivanhoe Australia Limited
Stephen Nossal
Senior VP Corporate Development
+61 3 9090 8800
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Ivanhoe Australia Limited

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Ivanhoe Australia is a copper and gold exploration company based in Australia.

Ivanhoe Australia develops copper, gold, molybdenum and rhenium in Australia.

Its main asset in development is MERLIN in Australia and its main exploration property is CLONCURRY/ SWAN - MT ELLIOT in Australia.

Ivanhoe Australia is listed in Australia. Its market capitalisation is AU$ 90.0 millions as of today (US$ 82.1 millions, € 60.5 millions).

Its stock quote reached its highest recent level on December 04, 2009 at AU$ 4.24, and its lowest recent point on June 07, 2013 at AU$ 0.10.

Ivanhoe Australia has 418 410 103 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Nominations of Ivanhoe Australia Limited
5/27/2013Chief Executive Officer's Address
1/15/2013Announces Company Secretary Appointment
6/28/2011Appoints Jim Askew as an Independent Non-Executive Director
Financials of Ivanhoe Australia Limited
7/29/2011Quarterly and Cash Flow Report for the Three Months Ending 3...
5/2/2011Quarterly and Cash Flow Report for the Three Months Ending 3...
5/2/2011's Quarterly and Cash Flow Report for the Three Months Endin...
Project news of Ivanhoe Australia Limited
2/24/2011(Cloncurry/ Swan - Mt Elliot)Drilling Continues to Intersect High-Grade Copper and Gold M...
12/8/2008High-Grade Molybdenum and Rhenium Discovery Confirmed by Iva...
Corporate news of Ivanhoe Australia Limited
10/24/2013Inova Resources Limited: Shanxi Donghui Conditional Takeover...
10/17/2013Inova Resources Limited: Shanxi Donghui Receives Chinese NDR...
10/6/2013Inova Resources Limited: Shanxi Donghui Conditional Takeover...
9/27/2013Inova Releases Target's Statement
9/19/2013Inova Resources Limited: Updated Starra 276 Mineral Resource...
9/13/2013Inova Resources Limited: Shanxi Donghui Dispatches Bidder's ...
9/5/2013Inova Resources Limited: Positive Initial Gold Results from ...
8/30/2013Inova Resources Limited: Shanxi Donghui Lodges Bidder's Stat...
8/21/2013Inova Resources Limited: Intended Takeover Offer
7/31/2013Inova Resources Quarterly Report for the Three Months Ending...
7/9/2013Market Update on Inova Resources' Exploration and Drilling P...
6/17/2013Name Changed to Inova Resources Limited
5/22/2013Proposed Company Name Change to Inova Resources Limited
4/23/2013Appoints Highly Experienced Geologist, Mark McGeough, as Gen...
4/11/2013Response to Media Article
3/19/2013Production Successfully Commenced at Starra 276 Underground ...
2/11/2013Revised Share Trading Policy
1/29/2013Pro-Rata Entitlement Issue Shortfall Placement
1/7/2013CORRECTION FROM SOURCE: Ivanhoe Australia Announces New Mana...
10/31/2012Quarterly Report for the Three Months Ending 30 September 20...
9/19/2012Upgrade to Mineral Resource; Over 60% Increase in Contained ...
8/31/2012Sale of Exco Limited Shares
8/23/2012Sale of Exco Resources Limited Shares
8/16/2012Strategic & Business Review Complete
7/30/2012Secures US$50 Million Working Capital Facility
6/26/2012First Phase of Strategic and Business Review
6/15/2012First Shipment of Concentrate From the Osborne Copper-Gold P...
6/8/2012Change of CEO
4/30/2012Significant Drilling Results at Ivanhoe Australia's Kulthor ...
4/12/2012Announces Board Changes
3/8/2012Achieves Producer Status
1/31/2012Accesses Very High Grade Little Wizard Molybdenum & Rhenium ...
1/19/2012Significant High-Grade Copper-Gold Intercepts in Resource De...
1/12/2012Receives $30.1 Million Distribution From Exco Resources' Ass...
10/28/2011Osborne Copper Gold Project on Track to Advance Ivanhoe Aust...
10/13/2011Completes Acquisition of 80% Interest in Exco Joint Venture ...
10/5/2011Foreign Investment Review Board Approval for Ivanhoe Mines t...
9/16/2011to Raise Up to A$150 Million Net Proceeds
4/20/2011Clarifies its Position on Exco Resources Limited's Market Re...
10/30/2009Quarterly Report to 30 September 2009
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
AU$ 0.215
11/27 13:56 -
Prev close Open
0.215 0.215
Low High
0.215 0.215
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.215 -%
Volume 1 month var.
147,600 -%
24hGold TrendPower© : 18
Explores for Copper - Gold
Interactive chart Add to compare
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.60+0.07%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 6.93+1.32%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.65-4.96%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-23.08%Trend Power :
Closes Bridge Loan Financing
CA$ 2.20+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.75-0.71%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.22-2.17%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.24+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.64+1.23%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 46.59+0.39%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :