'Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entitys securities, the entity must immediately tell ASX that information.'
Well,discussing the figure of $1.5 B or thereabouts could have a 'material effect' on the SP of LNC. Stating that 'a couple of announcements could have been made' could also have a 'material effect' on the SP of LNC...etc,etc
According to Listing Rule 3.1,the ASX should have been notified,but were not.
Cheers
LNC Price at posting:
$1.50 Sentiment: LT Buy Disclosure: Not Held