Continuous Disclosure Policy » Synergy Metals Limited » Corporate Governance

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Continuous Disclosure Policy

ASX defines continuous disclosure in its Listing Rules as “the timely advising of information to keep the market informed of events and developments as they occur”. The Listing Rules and the Corporations Act 2001 require that a listed company disclose to the market matters which a reasonable person would expect to have a material effect on the price or value of the company’s securities. A reasonable person is taken to expect information to have a material effect on the price or value of securities if it would, or would be likely to, influence persons who commonly invest in securities in deciding whether or not to subscribe for, buy or sell the securities.

The Company’s Continuous Disclosure Policy is designed to promote transparency and investor confidence and ensure that all interested parties have an equal opportunity to obtain information which is issued by the Company. The Company is committed to complying with the continuous disclosure obligations contained in the listing rules of the Australian Stock Exchange (ASX) and under the Corporations Act, and ensuring that all shareholders and the market have an equal opportunity to obtain and review full and timely information about the Company’s securities.

It is the Company’s policy for the immediate reporting of any matter which could potentially have a material effect, via established reporting lines to the Company Secretary. The Company Secretary is responsible for monitoring information which could be price sensitive, liaising with the Executive Director and/or the Chairman to make an initial assessment, and escalating to the Board for disclosure of such information where practicable. The Executive Director monitors daily activity to ascertain what matters should be considered for disclosure and as soon as a matter is appropriate for disclosure the Executive Director must immediately notify the Company Secretary. The Company must not delay in giving this information to ASX.

The Executive Director controls all the Company’s communications with assistance from the Company Secretary in carrying out his responsibilities. The Executive Director and/or Chairman are the only officers allowed to authorise the release of material information to the market. The Company Secretary is responsible for administering this policy and is responsible for dealing with the ASX in relation to all listing rule issues. The procedures which have been developed to comply with these rules include immediate reporting of any matter which could potentially have a material effect, via established reporting lines to the Executive Director and/or the Company Secretary.

It is also the Company’s policy that price-sensitive information will be disclosed, in the first instance, to ASX and disclosures to the market will then be placed on the Company’s website. Material information must not be selectively disclosed (i.e. to analysts, the media or shareholders) prior to being announced to ASX, and all media releases must be referred to the Company Secretary for clearance prior to any release. Material information must not be selectively disclosed (i.e. to analysts, the media or shareholders) prior to being announced to the ASX, and all media releases must be referred to the Executive Director for approval prior to any release.