Blackout period is two weeks I believe, but finance news is not out of the blue, everyone knows it's coming and expecting it, just not sure of the timing. If the bank give the go ahead next week that is out of the directors hands and they must announce it. In this instance I believe the crafty directors would be in the clear. That been said I don't think it will be next week. Maybe the one after.
Ann: Fully Underwritten Non-Renounceable Entitlement Offer, page-420
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