Mineral Resources updates trading policy for enhanced governance

Mineral Resources Limited (ASX: MIN) (MinRes) announced an update to its securities trading policy, approved by the MinRes board as part of a broader corporate governance review. The updated policy, available on the company's website, applies to all directors, officers, employees, contractors and other designated personnel, covering dealings in MinRes securities and those of other companies.

The policy emphasizes the prohibition against trading when in possession of "inside information," defined as non-public information that would materially affect the price or value of the company's securities. Additional trading restrictions apply to "designated persons," including company directors, members of the MinRes senior leadership team, and others advised in writing. These individuals must obtain prior written clearance before dealing in securities, especially during "closed periods," which include specific times around financial year, half-year, and quarterly results announcements.

Exceptional circumstances, such as severe financial hardship, may permit trading during closed periods with prior written approval from a clearance officer. The policy also outlines prohibitions on short-term or speculative trading, hedging, and secured financing arrangements for certain personnel, ensuring adherence to robust internal controls. Connected parties of designated persons are also subject to these trading restrictions.