TMA-2.20.6

A person is considered to have access to confidential price-sensitive information concerning an offer or contemplated offer if the person:

(a) Is a director or employee of one of the companies or entities concerned or engaged in the offer or potential offer including, but not limited to, the offeror, the offeree or any person acting in concert with the offeror or offeree;
(b) An advisor, including professional adviser, to one of the companies or persons concerned or engaged in the offer or potential offer;
(c) In a position to have received and has actually received information through a confidential relationship;
(d) Connected persons and companies controlled by the offeror and those described in (a), (b) and (c); or
(e) Is considered as having or had access to price sensitive information by virtue of the relevant facts and circumstances.
Amended: January 2022
Amended: October 2019