In toto, between the announcements DT has been a net seller -...

In toto, between the announcements DT has been a net seller - perfectly acceptable in my view (others may have a different perspective).

There has been quite a few cross trades between DT's super and family trust, but ultimately (excluding on market purchases):

Prior announcement = 100m
Performance rights = +100m
Rights issue = +8.5m
Director options = +4m
Quoted DW8O options = +2.2m
Total = 214.7m
This announcement = 195m

So net sales of c.20m (excluding on market purchases) - but all those rights issues and option exercises (and tax) needed to be paid for somehow, as well as potentially some personal expenses.