Opening Word document…
“Significantly” means less than 10%. It’s distinct from “materially,” which means 10-30%, and “substantially,” which means at least 30%.
Oryx 16 – Real estate company based in Namibia.
“Integrated Annual Report,” Oryx Properties, 2016, pp. 14, https://oryxprop.com/wp-content/uploads/2022/03/Annual-Report-2016.pdf.
Oryx Properties Limited takes guidance from the Namibia Stock Exchange (‘NSX’) Listing Requirements in assessing materiality. The Listing Requirements define matters and/or sensitive information as follows: ‘Significantly’ means price sensitive, but less than a 10% increase or decrease; ‘Materially’ means between a 10% and 30% increase or decrease; and ‘Substantially’ means equal to or greater than a 30% increase or decrease.
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