Sabina Corporation Limited - Investment Property Development Consultancy Australia

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Issued 21/03/11
Updated   --/--/--

(effective 1st January 2011)

1. Introduction


This policy summarises the Securities Trading Policy adopted by Sabina Corporation Limited (“the Company”) in relation to trading in shares of the Company and applies to Key Officers, who comprise of:

Directors – means any person or organisation appointed to the position of the Company, their family or other person or organization deemed to be an associate of the director as defined under the Corporations Act or ASX Listing Rules.

Officers – means any person appointed to the position as Secretary of the Company or other person deemed to be an officer as defined under the Corporations Act or ASX Listing Rules, their family or other person or organisation deemed to be an associate of the officer as defined under the Corporations Act or ASX Listing Rules.

Employees – means any person whose employment is governed through an employment contract with the Company or who the Board deems this policy to cover, their family or any other person or organisation deemed to be an associate of the employee as defined under the Corporations Act or ASX Listing Rules or any person who may have access to Price Sensitive Information under a confidentiality agreement.

For the purposes of this Policy, Price Sensitive Information is information that relates to the financial affairs of the Company, which may give the person proposing to deal in the securities an advantage over the other persons holding the securities and which it were generally available would likely materially affect the price of the securities.


2. Requirements by Law

Key Officers shall be made aware of the requirement of law covering and limiting the trading in the Company’s securities including the law relating to use of “confidential information” and “inside trading”


3. Requirements of this Policy

Key Officers shall be made aware of the requirements of this Policy and any subsequent changes made to this Policy from time to time. A copy of this Policy shall accompany the Letter of Appointment and/or The Disclosure Agreement executed with new Key Officers appointed by the Company.


4. Key Officers May Trade

Key Officers may trade when:

(a) during the one (1) month period beginning at the close of trading on the day after the dates which:

(i) the company announces its half-year results;

(ii) the company announces its full year results; and

(iii) the Company holds it annual general meeting (assuming an update of the full year’s results is given at the meeting); and

(b) during a period nominated by the board from time to time subject to each Director lodging an Appendix 3Y with the ASX on the day of trading any Company Securities during the period.


5. Key Officers May Not Trade

Key Officers may not trade when:

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

(b) the Key Officer has not inform the Chairman and obtain clearance.


6. Clearance from Chairman

(a) Before dealing in Company Securities, a Key Officer must first inform the Chairman and obtain clearance.

(b) The Chairman may only give clearance during the periods set out in Paragraph 4 above.

(c) The Chairman may give clearance for a Key Officer to sell (but not to buy) Company Securities in exceptional circumstances (i.e. pressing financial difficulties) where the Key Officer would otherwise not be able to do so under this policy.

(d) The Chairman will decide if circumstances are exceptional; and exceptional circumstances for the purpose of this Policy is a severe financial hardship or a pressing financial commitment that cannot be satisfied otherwise other than by selling the Company’s securities.


7. No Short Term Trading


Key Officers are not permitted to engage in short term trading of the Company’s securities.


8. No Trading in Derivative Products

Key Officers are prohibited from trading in financial products issued or created over or in respect of the Company’s securities.

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