Client stories
How issuers and counsel used Nodevector Path reviews of insider dealing activity and filings when the board needed a clear record.
“They traced three dealing notifications back to the insider list amendments and found a gap we had missed in the March closed period — awkward, but far better caught by us than by someone else.”
Company secretary — FTSE Small Cap issuer
“The PDMR reconciliation for Q2 took a week and arrived as a schedule our audit committee could actually read. One notification still had the wrong trade date in our draft pack; we corrected it before lodging.”
General counsel — AIM industrial group
“I asked for a closed-period map ahead of a strategic announcement. The timeline was careful, though I would have liked one more annex on related-person dealings — we added that ourselves from the register. Still the right starting point for counsel’s note.”
Partner — City corporate firm (instructing)
“Flagship review before an FCA information request. Findings stayed inside what the documents supported; they refused to speculate beyond the filings, which is exactly what we needed in the board paper.”
Chair of audit committee — Main Market retailer
Extended note — results window, Leeds issuer
A Mid Cap issuer instructed a closed-period assessment after two director purchases fell within five sessions of a trading update. We rebuilt the closed-period dates from the dealing code and the announcement calendar, then matched clearance emails to each trade. One clearance had been granted on the understanding that inside information had already been released; the update, however, still contained unpublished margin commentary. Counsel used the timeline to prepare a board minute and a voluntary clarification — without asking us to characterise the trades as lawful or otherwise.
Extended note — historic filings pack
External counsel for a newly admitted AIM company asked for a flagship filings review covering the twelve months before admission. Insider lists from the private company period were incomplete. Our findings note listed every dealing we could evidence, flagged months where list amendments were missing, and recommended a reconstruction exercise with the former company secretary. The board deferred one PDMR narrative in the admission document until that reconstruction finished.