Page 54 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013 52
CORPORATE GOVERNANCE
Dealing in Units
In accordance with Rule 1207 (19) of the SGX-ST Listing Manual, the Board of the Trustee-Manager has
adopted a policy and procedure for dealing in the Units of Forterra. The procedure requires directors of
the Trustee-Manager to submit an application form and seek prior written consent from the Chairman
before trading in the Units of Forterra. If provided with consent to deal, directors are reminded of
their duties to notify the details of the trade in writing to the Trustee-Manager of his/her acquisition
of Units or changes to the number of Units held in his/her interests, within two (2) business days of
the trade. All dealings in Units by directors will be announced via SGXNet, with the announcement
to be posted on the internet on the SGX-ST’s website http://www.sgx.com and Forterra’s website
http://www.forterra.com.
The Property Manager also has its own internal policy and procedure to ensure that staff request
prior written consent before dealing in the Units of Forterra. In addition, directors and staff of the
Trustee-Manager and of the Property Manager are reminded of the prohibited period to trade prior to
the release of Forterra’s results and property valuation announcements. The prohibited period is one
(1) month prior to the announcement of the annual results and property valuations, and two (2) weeks
prior to the announcement of the quarterly results. This policy forms part of the procedures manual
reviewed by the Board and Audit Committee as part of their internal controls overview.
Both dealing policies do not permit trading of Units in Forterra on a short-term basis. Both procedures
also ensure that there are no director or staff dealings during a prohibited period and that the directors
and staff are reminded of laws relating to insider trading.