Draft a market-disclosure announcement and consistency check
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Draft and redraft the announcement wording with the lawyer, from the lawyer's facts brief and the lawyer's recorded materiality assessment. Do not originate any statement about a future matter: forecasts, guidance, accretion, funding and completion expectations are the company's and the lawyer's words, not the tool's. Then check every statement in the draft against prior announcements and prior guidance, the offer document and any cleansing or same-class notice given to the market operator, and list new claims, inconsistencies and figures that do not reconcile.
- What the lawyer must review
- Materiality and disclosure timing under the listing rules and the continuous-disclosure provisions are real-time legal judgments for the lawyer. Read the announcement as it will be released, word for word, and settle the final wording yourself. Verify every figure and factual statement against its source, and satisfy yourself separately that every statement about a future matter has reasonable grounds recorded on the file — there is no source document to check it against. Confirm nothing outruns what the company can substantiate or contradicts earlier disclosure. Nothing is released until the lawyer has settled the wording and the company's authorised officer has approved it; once released it cannot be withdrawn.
Open a jurisdiction version of this task to see which instruments apply.
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording and identifying points for review. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.