I might be wrong, but if he foresees a significant development/announcement in the near future that could have a material impact on the share price he is not allowed to buy shares? Otherwise would be insider trading. I believe there is a lock out period for directors?
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- Ann: Appendix 3B - 105,000,000 Placement Shares
Ann: Appendix 3B - 105,000,000 Placement Shares, page-13
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