材料全屏Greg is a member of the bo

材料全屏 Greg is a member of the board of directors of Huge plc. He also controls a private limited company, Imp Ltd, through which he operates a management consultancy business. He also owns all the shares in Jet Ltd, through which he conducts an investment business. When Greg learns that Huge plc is going to make a take-over bid for Kop plc, he arranges for Jet Ltd to buy a large number of shares in Kop plc on the London Stock Exchange, on which it makes a large profit when it sells them after the takeover bid is announced. He then arranges for Jet Ltd to transfer the profit to Imp Ltd as the charge for supposed consultancy work. The money is then transferred to Greg through the declaration of dividends by Imp Ltd. 38 【论述题】 State what is meant by securities being 'price sensitive' in the context of insider dealing