Our business integrity

Preventing insider dealing

Employees must not engage in insider dealing under any circumstances.

What does this mean for JTI?

Insider dealing is the use of inside information for personal benefit or to benefit a third party. It can also refer to a recommendation based on inside information. Inside information is any non-public information, which, if disclosed, could have a significant effect on the price of a company’s securities. Inside information can include confidential financial results, declarations of dividends, issues or buybacks of shares, major expansion plans, and proposed mergers, acquisitions or takeovers.

What does this mean to me as an employee?

I do not buy or sell any securities (e.g. shares, bonds or stock options) while in possession of inside information, nor do I advise others to buy or sell securities. I do not share inside information with a third party unless I am authorized to do so.

If I become aware of a colleague or an employee of a business partner attempting to obtain inside information without providing a reasonable explanation for this request, I report it immediately to the Chief Financial Officer or a member of the Compliance team.

What situations could this apply to?

Here are some situations which may represent a risk of insider dealing:

  • A member of the Business Development team would like to buy shares from a potential targeted company.
  • An employee from the Finance team has access to financial information of JT that has not been publicly disclosed by JT and would like to sell his/her JT shares.
  • My husband wants to buy some JT shares and has asked me about the Group’s financial results which have yet to be announced.

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