Tegel IPO

[silverblizzard888]

Do they have to do a downgrade annoucement before the annual result, or could they put the downgrade in the result announcement? I'm not sure how the disclosure rules work. Let's say they make 30 million profit, would they need to disclose that prior to the annual result? Surely they know at this point if they aren't tracking to forcast.

Usual case is when something is off by about 10% or more its considered material enough to make a disclosure immediately the minute they know of it. By not disclosing once known, then they are in breach of listing rules. Though it doesn't need to be 10%, but its a rough guideline, usually what a reasonable person would expect to know, it should be considered more than minor.