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I don't know the rules. Is there a requirement that directors...

  1. 231 Posts.
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    I don't know the rules. Is there a requirement that directors report when their shareholding increases or decreases by 1%?
    I found this:
    "Any person that has a "substantial holding" in a public listed company
    must disclose to the company and ASX when that shareholding is created,
    ceases or is increased or decreased by at least 1%"

    If his buying and selling has been that heavy then he may have breached the rule of timely notification in this respect as well.
 
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