ASX & Shareholder Disclosure
Disclosure ASX and Shareholder Communication
The Board has delegated the responsibility to Management of on-going disclosure to the Australian Stock Exchange Ltd, of any material issue that may be considered relevant that shareholders should be made aware of to assist them in their assessment of Wide Bay’s operations and to form an independent opinion.
In addition the Board is totally committed to keeping shareholders fully informed, where necessary, by direct communication, public communication and posting of these communications on Wide Bay’s website. The Chairman specifically encourages discussion from interested parties at general meetings at which the Auditor is requested to attend and is available to answer any shareholders questions in relation to the audit and his report.
Provision of Information
The principle areas of communication to shareholders include:-
- disclosures to the ASX;
- through the website; and
- press releases where necessary directly to shareholders.
The content of the continuous disclosure will particularly include information “that a reasonable person would expect to have a material effect on the price or value of Wide Bay Australia Ltd (Wide Bay) securities and or would be likely to influence persons who commonly invest in securities in deciding whether to acquire or dispose of Wide Bay’s securities”
Company Website
The Company website provides:-
- specific announcements to the market and media releases;
- copies of press releases;
- announcements;
- annual and half-yearly reports;
- Wide Bay's Board Charter; and
- Corporate Governance policies and procedures.
General Information
Notices of meetings are called in accordance with Wide Bay’s Constitution and the Corporations Act 2001 and include details of the meeting and related explanatory information in respect of the business of the meeting.
Wide Bay will at all times endeavour to provide information to all shareholders, however, acknowledges from time to time there may be specific questions or queries from individuals exercising their rights as shareholders. The Board and Managing Director are available to assist in providing relevant information.
Share Trading
The Board is conscious of the legal prohibitions on insider trading and all Directors, Officers and employees (designated officers) are prohibited from trading in Wide Bay’s shares or other securities while in possession of price sensitive information. This information is classified as information that a reasonable person would expect to have a material effect on the price or value of securities. The requirement also applies to entities or trusts that are controlled by any of the Directors, officers or designated officers.
The responsibility for compliance is the personal responsibility of the party involved and any failure to comply may result in the Board addressing the issue and taking appropriate action.
