Inside information includes information that relates directly or indirectly to the Company and is likely to include:
- Significant information relating to the Company’s assets and liabilities, its performance, potential performance or financial condition;
- Major new development in the Company’s business; and
- Information that affects information previously disclosed to the markets.
Information is precise if it is about circumstances or events which currently exist or which may reasonably be expected to occur and is specific enough to enable a conclusion to be drawn as to the possible effect on the price of the Company’s securities.
Information that is likely to have a significant effect on the price of the Company’s securities is that which a reasonable investor would be likely to use as part of the basis for his / her investment decisions.
All employees should help to preserve a fair market in the Company’s shares by safeguarding share price-sensitive information and ensuring no one in the Company profits from it. If they become aware of information that they believe may potentially be or could become inside information they are required to report this to the Group General Counsel or the Company Secretary as soon as possible.
All employees should treat inside information and potential inside information in the strictest confidence and should not deal or encourage anyone else to deal in BAE Systems securities when they are in possession of inside information or are in possession of information that they believe is potentially inside information.
If employees become aware that the confidentiality of inside information has been compromised they should alert the Company Secretary or the Group General Counsel as soon as possible.
Acting in breach of this policy could result in an employee committing a serious offence for which they could be fined, lose their job or even go to prison.