Continuous Disclosure Policy
BBP is committed to complying with its continuous disclosure obligations pursuant to the Corporations Act and the ASX Listing Rules. It is the intention of BBP to ensure that all investors have equal and timely access to material information concerning BBP.
The Continuous Disclosure Policy is designed to ensure that material price sensitive information arising from any part of BBP is immediately notified to the ASX in a complete, balanced and timely manner, unless it falls within the scope of the limited exemptions contained in Listing Rule 3.1A.
The Company Secretary, in conjunction with the Chairman and the Chief Executive Officer, is responsible for:
- overseeing the implementation and operation of the Continuous Disclosure Policy;
- making ASX Announcements and other communications with the ASX; and
- reviewing relevant information reported by the Directors and staff seconded to the Manager (Babcock & Brown Power Management Pty. Limited) to determine whether any such information is required to be disclosed to the ASX and the market.
Other matters covered in the Policy include:
- the disclosure process to ensure timely disclosure of relevant information;
- the responsibilities of Directors and staff to ensure that they are familiar with the Policy, report material information to the Company Secretary and provide sufficient details to the Company Secretary to allow a view to be formed as to whether the information requires disclosure;
- the review process in relation to the exception to Listing Rule 3.1 as outlined in Listing Rule 3.1A;
- ensuring no relevant information is disclosed to third parties selectively;
- nominating authorised spokespersons for BBP; and
- the importance of the BBP website as an avenue for investors and other stakeholders to obtain timely and relevant information.
In order to preserve transparency and confidence in BBP’s disclosure practices, all information provided to analysts and journalists at a briefing (e.g. presentation slides), as well as any public speeches/presentations made by representatives of BBP (e.g. CEO speeches) will be released to the market via the ASX and posted on BBP’s website prior to the material being presented.
Furthermore, the Directors on the BBP Boards actively consider the disclosure obligations in respect of all material matters that come before them.