The voting and engagement guidelines of the ASA has a Minimum shareholding requirement (pg7). Many ASX companies have adopted this policy, to name a few, Fortescue, The Star Entertainment Group, Link Group, oOh!media and Sigma Healthcare.
It is time for RRL directors to show us their convictions by buying on-market.
The current holdings of RRL directors
| Last Notice | Director | Direct Shares | Indirect Shares | Options | Convertibles |
|---|
| 1 | 12/11/2021 | Jim Beyer | 179,450 | 119,573 | N/A | N/A |
|---|
| 2 | 27/10/2021 | James Mactier | 0 | 86,234 | N/A | N/A |
|---|
| 3 | 30/06/2021 | Fiona Morgan | 56,155 | 473,035 | N/A | N/A |
|---|
| 4 | 30/06/2021 | Stephen (Steve) Scudamore | N/A | 34,484 | N/A | N/A |
|---|
| 5 | 30/06/2021 | Russell Barwick | N/A | 5,000 | N/A | N/A |
|---|
| 6 | 30/06/2021 | Lynda Burnett | N/A | 15,897 | N/A | N/A |
|---|
Directors' recent On-market trade (https://www.marketindex.com.au/asx/rrl)
| Date | Director's Name | B/S | Units | Price | Value |
|---|
| 1 | 05/11/20 | Fiona Morgan | Buy | 4,000 | $4.11 | $16,436 |
|---|
| 2 | 03/11/20 | Fiona Morgan | Buy | 7,000 | $4.21 | $29,452 |
|---|
| 3 |
| Fiona Morgan |
| 11,000 | $4.17 | $45,888 |
|---|
| 4 | 27/10/21 | James Mactier | Buy | 20,000 | $2.02 | $40,400 |
|---|
| 5 | 06/11/20 | James Mactier | Buy | 5,000 | $4.24 | $21,200 |
|---|
| 6 | 13/03/20 | James Mactier | Buy | 10,000 | $3.01 | $30,124 |
|---|
| 7 | 13/03/20 | James Mactier | Buy | 10,000 | $3.01 | $30,124 |
|---|
| 8 | 27/08/19 | James Mactier | Buy | 10,000 | $5.14 | $51,362 |
|---|
| 9 |
| James Mactier |
| 55,000 | $3.15 | $173,210 |
|---|
| 10 | 31/08/20 | Lynda Burnett | Buy | 6,000 | $5.28 | $31,677 |
|---|
| 11 | 21/12/20 | Russell Barwick | Buy | 5,000 | $3.90 | $19,475 |
|---|
| 12 | 30/12/20 | Stephen (Steve) Scudamore | Buy | 5,424 | $3.72 | $20,161 |
|---|
| 13 | 28/08/20 | Stephen (Steve) Scudamore | Buy | 6,795 | $5.15 | $34,965 |
|---|
| 14 | 04/03/20 | Stephen (Steve) Scudamore | Buy | 6,224 | $4.06 | $25,246 |
|---|
| 15 | 28/08/19 | Stephen (Steve) Scudamore | Buy | 7,589 | $5.27 | $39,958 |
|---|
| 16 |
| Stephen (Steve) Scudamore |
| 26,032 | $4.62 | $120,330 |
|---|
(20min delay)