The purpose of this code is to ensure that the directors of PCI-PAL PLC (the "Company"), and certain employees of the Company and its subsidiaries, do not abuse, and do not place themselves under suspicion of abusing, Inside Information and comply with their obligations under the Market Abuse Regulation.
Part A of this code contains the Dealing clearance procedures which must be observed by the Company's PDMRs (person discharging managerial responsibilities) and those employees who have been told that the clearance procedures apply to them. This means that there will be certain times when such persons cannot Deal in Company Securities.
Part B sets out certain additional obligations which only apply to PDMRs.
Failure by any person who is subject to this code to observe and comply with its requirements may result in disciplinaryaction. Depending on the circumstances, such non-compliance may also constitute a civil and/or criminal offence.
The defined terms clarify the meaning of capitalised words used in these procedures.
