Good News & Bad News, page-26364

ASX listing rules say nothing about % management owned but do say.

13.1 Listing Rule 3.1A.1 - the categories of information excluded
The first requirement for Listing Rule 3.1A to apply is that the information must fall within one of the categories
mentioned below:
 it would be a breach of a law to disclose the information;
 the information concerns an incomplete proposal or negotiation;
 the information comprises matters of supposition or is insufficiently definite to warrant disclosure;
 the information is generated for the internal management purposes of the entity; or
 the information is a trade secret.
More detailed guidance on each of these categories can be found in Guidance Note 8 Continuous Disclosure:
Listing Rules 3.1 – 3.1B.