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78.0¢ avz minerals limited

Ann: Change of Director's Interest Notice, page-53

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7,069 Posts.

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23/01/22

09:54

Post #: 59068059
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Originally posted by BabyJack: ↑

Did you actually read the 708 and announcement? Gees Louise.

In fact the most logical reason for the sale of shares is that under SMSF compliance requirements AVZ is considered a related party to the fund because he is a Director and your fund (SMSF) is not allowed to hold ownership of more than 5% of the funds value in a related party.

These are the rules in Australia and no doubt similar rules apply in the UK.

Due to the SP going up it obviously exceeded the 5% threshold and some shares had to be sold for the fund to remain compliant.

The smarts ones here, if they are interested, can work out the total value of his SMSF if they want.

End of story.

Cheers BJ

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"Did you actually read the 708 and announcement?"

The irony lol.

Hardly surprised to see a director sell their freebies.

AVZ Price at posting: 74.5¢ Sentiment: None Disclosure: Not Held
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