Continuous Disclosure to ASX

Philosophy

Salinas requires all employees and Directors to inform the Managing Director or in his absence, the Company Secretary, of any potentially price sensitive material or information as soon as practicable after they become aware of that information.

The Company will promptly disclose such information to the market, subject to the following procedures and guidelines.

Procedures and Guidelines

Information is material if it is likely that the information would influence investors who commonly acquire securities on ASX in deciding whether to by, sell or hold the Company’s securities. Salinas complies in full with the requirements of ASX Listing Rule 3.1 in the implementation of this policy.

The Managing Director is responsible for interpreting and monitoring the Company’s disclosure policy and where necessary informing the Board. The Company Secretary is responsible for all communications with ASX. Prior to any media or ASX release being made, two Directors, one of which must be the Managing Director or Finance Director, must first approve the release by email or telephone.

Communication with Shareholders: 

The Board of Salinas places considerable importance on effective communications with shareholders.

The Company’s communication strategy requires communication with shareholders and other stakeholders in an open, regular and timely manner so that the market has sufficient information to make informed investment decisions on the operations and results of Salinas.

The strategy provides for the use of systems that ensure a regular and timely release of information about the Company is provided to shareholders. Mechanisms employed include:

• Media and ASX announcements;
• Maintenance of an informative website;
• Regular presentations to major shareholders and potential investors;
• Directors answering queries from shareholders in a timely manner via email or telephone;
• Regular statutory reporting, both to ASX and shareholders; and
• Presentations by Managing Director at the Annual General Meeting and General Meeting’s.

The Board encourages full participation of shareholders at the Annual General Meeting to ensure a high level of accountability and understanding of Salinas’s strategy and goals.

The Company also posts all reports, ASX and media releases and copies of significant business presentations on the Company’s website.