MKT 6.2.11 Permitted Price Stabilisation
(1) A Stabilisation Manager and, if applicable, his Stabilisation Agents may in respect of Relevant Securities:
(a) purchase, or agree to purchase, such Relevant Securities; or
(b) offer or attempt to do anything in (i) with a view to stabilising the market price of such Relevant Securities.
(2) A Stabilisation Manager and his Stabilisation Agents may, in respect of Relevant Securities:
(a) make allotments of a greater number of the Relevant Securities than were offered (‘over-allotment’);
(b) sell or agree to sell the Relevant Securities in order to establish a short position in them;
(c) buy or agree to buy the Relevant Securities in order to close out or liquidate any position that has been established by Price Stabilisation under (a) or (b);
(d) sell or agree to sell the Relevant Securities in order to close out or liquidate any position that has been established by Price Stabilisation under (a) or (b); or
(e) offer or attempt to do anything permitted by (a), (b), (c) or (d).
(3) The Stabilisation Manager must not conduct, nor allow his Stabilisation Agent to conduct, Price Stabilisation in any case where:
(a) the market price of the Relevant Securities is falsely higher than the price which would otherwise prevail; and
(b) the Stabilisation Manage knows or ought reasonably to have known that the falsity in the market price was attributable in whole or in part to any conduct by a Person who was in breach of the Market Abuse provisions; or
(c) any requirements of a Recognised Investment Exchange or any other exchange have not been complied with.