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Ann: Change of Director's Interest Notice, page-68

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  1. 34,916 Posts.
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    I have put a few stat accounts together and was required to add the adult kids as part of the directors controlled shares. We had the kid sell his shares to the director no movement was announced as it was viewed as no change in control by auditors in presentation.

    By the following document, in particular the section referring to 'Spouse of a Director' on Page 11, I don't believe that it is necessarily a requirement that a director includes the holdings of a spouse or children in their own notification of holdings (indirect or otherwise):

    I think the main point is, regardless of the legal nature, as has been shown by discussions, there are many possible reasons for the selling (and buying) of shares and it is very dangerous to base investment decisions on these transactions. Jeffrey Edwards still has 50 million reasons to want to see OBJ succeed from here.
 
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