Page 32 - Stellar IAR2015

Directors’ Dealings in Shares and Insider TradingThe Company Secretary and Sponsor monitor directors’ and a ected persons’ dealings in shares and ensures adherence to closed periods for share trading. A closed period for trading in the Group’s shares is maintained for prescribed periods to prevent any insider trading of the Group’s shares. Directors and members of senior management are prohibited from dealing in Stellar Capital shares during price-sensitive or closed periods. Closed periods apply at least every six months from 30 November and 30 May until the publication of the interim or annual nancial results respectively. A closed period is also applicable when the Company has issued a cautionary announcement to its shareholders. Directors and members of senior management may only deal in Stellar Capital shares outside a closed period, with the approval of the Chairman, Chief Executive O cer and the Company Secretary.28 | STELLAR CAPITAL PARTNERS