The following section from Note 8 probably covers the reason for...

The following section from Note 8 probably covers the reason for the disclosure

An officer of an entity who is faced with a decision on whether information needs to be disclosed under Listing
Rule 3.1 may find it helpful to ask two questions:
(1) “Would this information influence my decision to buy or sell securities in the entity at their current market
price?”
(2) “Would I feel exposed to an action for insider trading if I were to buy or sell securities in the entity at their
current market price, knowing this information had not been disclosed to the market?”

However the announcement was $3 to $12 million, if it is $12 it would meet the 2% change