[COM 622] Exception for companies622 

622

(1) A company does not contravene section 614 by entering into a transaction or agreement in relation to listed securities issued by another person merely because the company is aware that it proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to listed securities issued by the other person or by a third person.

(2) Subject to subsection (3), a company does not contravene section 614 by entering into a transaction or agreement in relation to listed securities issued by another person merely because an officer of the company is aware that the company proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to listed securities issued by the other person or by a third person.

(3) Subsection (2) does not apply unless the officer or employee of the company became aware of the matters referred to in that subsection in the course of the performance of duties as such an officer or employee.