Ann: Initial Director's Interest Notice - Appendix 3X-XPE.AX, page-11

Directors can not purchase or sell shares within a certain time period to a material event being announced.... Unless they have permission from the board in extraordinary cases...

Basically they would be buying or selling with insider knowledge if they did...

Also they would buy on market unless they have been given shares by the company as part of a deal... Depending on the quantity of the shares to be given, it would generally need to be voted on by shareholders...

Will be interesting to see if we get an updated one showing he has purchased some shares as that will give us a better timeline on the next announcement...

I think if there is a change in shareholding of a director, the market needs to be informed within 3 days... Also I think the black out period is about 2 weeks if news is pending....

So I am actually hoping he can't buy shares at the moment as that would mean the announcement is near....