hi dakook
Have a look at Part 3 on the second page of the announcement - it is called the Closed Period.
I expect it relates to the period between the end of the quarter and the release of the quarterly report (which has not happened yet). Directors would already be aware of the numbers for the quarter, but shareholders have not yet been advised.
And the prior written clearance would presumably have been given by the chairman to sell within the blackout period.
Presumably Seaton was quite short of cash.
Ann: Appendix 3Y - Andrew Seaton, page-13
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