"or any other period when the AIM company is in possession of price sensitive information."
this is the crucial sentence. The price moved today, so the deal was price sensitive.
No excuses - bang out of line. not good. this deal would have been agreed in principle for a few weeks - once deals are agreed like this, you're in a close period.
Canaccord need to explain themselves. I also note there is only one non-exec, who is about 35 - not much of a force against a brother combination where one is executive chairman, and the other is chief exec.