maybe it is a statutory requirement to disclose material information?CORPORATIONS ACT 2001 - SECT 677
Material effect on price or value(1) For the purposes of sections 674 and 675, a reasonable person would be taken to expect information to have a material effect on the price or value of ED securities of a disclosing entity if the information would, or would be likely to, influence persons who commonly invest in securities in deciding whether to acquire or dispose of the ED securities.
source: https://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s677.html CORPORATIONS ACT 2001 - SECT 677
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Ann: Final Director's Interest Notice, page-11
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