For AIM disclosures, when are directors prohibited from trading?

Directors are prohibited from trading during a close period to ensure that all stakeholders maintain a level playing field and that no one benefits from undisclosed, price-sensitive information. The close period typically applies immediately prior to the publication of financial results or other significant announcements, where directors and other key personnel may possess information that has not yet been made public.

This regulation is in place to prevent insider trading and to uphold market integrity, ensuring that trading decisions are based on information available to all investors. Thus, adhering to this close period restriction is crucial for compliance with AIM (Alternative Investment Market) requirements and protecting the interests of all market participants.

The other scenarios listed do not carry the same regulatory weight in terms of imposed trading restrictions. For example, while trading during volatile market conditions might be a strategy user could consider, it is not a formal prohibition.