Thorough public dissemination

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9.08

​Is selective disclosure of material information allowed under the Main LR?

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​Pursuant to paragraph 9.08(2) of the Main LR, listed issuers must ensure that under no circumstances disclosure of material information is made on an individual or selective basis to analysts, shareholders, journalists or other persons unless such information has previously been fully disclosed and disseminated to the public.

​However, pursuant to paragraph 9.08(3) of the Main LR, under limited circumstances, selective disclosure to such persons where it is necessary towards achieving certain corporate objectives is permitted subject to the requirements in the said paragraph. Hence, disclosure of unpublished material information to solicitors and advisers in undertaking a corporate or due diligence exercise is permitted provided that the strictest confidentiality is imposed and maintained.