SM ,
the following article makes it clear ( section 3 & 4 )
They cannot comply if they know something material so can only assume the like sgt schultz "know nothing"
Section 3
To “trade” includes the exercise of an option or the conversion of a share acquisition right.
Section 4
Inside Information is information that: (a) is not generally available; and (b) if it were generally available, a reasonable person would expect it to have a material effect on the price or value of the securities.
Ann: Change of Director's Interest Notices, page-3
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