• South Africa
• Cautionary announcement, Closed period, Insider trading, JSE, Mosaic theory, Price sensitive information
• January 13, 2021

You’ve probably seen companies release “cautionary announcements” over SENS, the Stock Exchange News Service of the JSE. This system ensures that everyone gets information at the same time. The news goes out “on the wires” and the market reacts accordingly. Today, Alaris Holdings Limited released a cautionary announcement, which is a good opportunity to unpack why such announcements exist and …