Ann: Change of Director's Interest Notice - D, page-2

re: Ann: Change of Director's Interest No... Hmmm. CEO sells half his 70,000 HHL shares only a day or so after they were issued to him. Not exactly a vote of confidence in the stock.

His reason for selling is to meet his tax obligations incurred through receiving the shares, but when will he have to pay the ATO? After the end of the financial year? So he'd rather put the money in the bank between now and then than hold HHL shares. What does that say about the short term outlook?

Also, I didn't read anything in the notice of meeting for the AGM about the CEO's plans to immediately sell down half his shares to meet his tax obligations. I would have liked to be told this before being asked to vote on the proposal to issue the shares. This is not exactly my idea of how a Long Term Incentive scheme should work.