yeah -1 think your misinformed
I’ve seen so so many offers where the offer document states eligible directors intentions —- ie will be taking up their entitlement and others where it states how much is intended to be raised from directors pursuant to an offer
And of course some vague ones where the directors aren’t really wanting to detail their intentions - almost always imo because they aren’t actually putting in thier cash- usually as they have tons of freeeee shares and are on insane salaries- leaving other shareholders to fill the coffers
do a simple search - of course many offer documents state the intentions of directors - of course it’s allowed to be presented
often times people want to know the directors are going all in before they out in more capital under an offer- some offer documents even have a section clearly dedicated to “ director commitments”
here two found in no time
I know you like evidence
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- Ann: Extension of Closing Date for Retail Entitlement Offer
Ann: Extension of Closing Date for Retail Entitlement Offer, page-21
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