I don't think this applies, as in this case the information was made public - therefore no insider market manipulation could occur. The fact that an approach had been made was obviously material to the share price, and it was - non public. As I read it, AFR made sure that no insider trading could occur as we are now all aware of the offer, and can make our own informed decisions.
Ann: Pause in Trading, page-30
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Last
$1.80 |
Change
0.000(0.00%) |
Mkt cap ! $254.0M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.80 | $1.80 | $315.6K | 175.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1986443 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 741260 | 6 |
View Market Depth
| Last trade - 14.13pm 20/05/2024 (20 minute delay) ? |
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Last
$1.80 |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.80 | $1.80 | $1.80 | 109134 | ||
| Last updated 14.13pm 20/05/2024 ? | |||||
| QIP (ASX) Chart |