Ann: Change in substantial holding, page-2

ASIC regulations state the following in relation to the disclosure of transactions undertaken by substantial shareholders on these notices;

https://download.asic.gov.au/media/1236706/rg5-published-20-december-2013.pdf

from p74
”The description of cash consideration paid must also be expressed precisely, or must be able to be readily calculated with precision—that is, on the basis of an amount per share for each acquisition. For example, it is not sufficient to state that the shares were acquired at a price between $X or $Y, or at a price per share that has been rounded to the nearest whole cent per share.”

p71 says this guidance is also generally relevant to form 604 and 605’s which deal with the sale of shares, as we have here.

I’d like to know why Pie Fund’s have only provided a price range of 28c - 12c for their share sales, instead of disclosing the date, number, and consideration for each transaction as required by ASIC?

Were they the ones that were dumping on market in May? How many did they actually sell at 12c compared to 28c, and have they bought back more at a lower price since then?

This would all be transparent if they’d provided the required details on this notice. Maybe ASIC can have them re-lodge it.