What does the term 'price sensitive information' refer to in AIM practices?

The term 'price sensitive information' refers to information that is likely to have a significant impact on the market price of a company's shares. This type of information can affect investors’ decisions and influence the overall perception of the company's value. In the context of AIM (the Alternative Investment Market), which is a sub-market of the London Stock Exchange for smaller, growing companies, price sensitive information is particularly crucial as it can lead to a revaluation of the company's stock and can create an unfair advantage if not disclosed to all investors equally.

Price sensitive information could encompass various factors such as financial results, mergers and acquisitions, changes in management, or any events that could materially affect the company's future performance. The obligation of companies to disclose such information to the market in a timely manner is a key principle upheld by AIM practices to ensure market transparency and fairness.

In contrast, the other options do not directly pertain to the definition of price sensitive information. Employee performance data, while important for internal assessments, does not necessarily impact stock prices. General market trends provide context for investors but are not specific to a single company's performance. Similarly, internal company memos might contain various types of information but do not inherently qualify as price sensitive unless the content of those memos revolves around factors