Rob - you are right. APG Directors did say they would take up...

Rob - you are right. APG Directors did say they would take up their maximum allocation of $15,000, in the Shareholder Share Purchase Plan (SSPP).

Directors have an obligation to take up shares if they said they would.

This is a short chronology of APG announcements that relate to the SSPP and Directors Interests.

31/1/19 M Turbott resigns as APG director, but remains on APG payroll.

1/2/19 APG announces SSPP. Chairman Cuthbertson says: " All directors have indicated that they will increase their shareholding and take the maximum number of shares available."

1/2/19 - 24/4/19 SSPP runs for nearly 3 months.

2/5/19 G Hiller appointed as APG director.

9/5/19 Change of Directors Interest Notice - T Cuthbertson buys $15,000 APG shares

9/5/19 Change of Directors Interest Notice - T Cuthbertson buys $15,000 APG shares

13/5/19 Change of Directors Interest Notice - T Cuthbertson buys $15,000 APG shares

Because ex director Turbott resigned as a director 1 day before the SSPP began, there was never any obligation for him to take up any APG shares.

Because new director Hiller was appointed as a director 1 week after the SSPP closed, there was never any obligation for him to take up any APG shares.

Chairman Cuthbertson was obligated to take up his maximum $15,000 allocation - WHICH HE DID.

The company secretary had some difficulty filling out Cuthbertson's Change of Directors Interest Notice, but eventually he got it done. This has now been released 3 times.

Director Iles was obligated to take up his maximum $15,000 allocation - WHICH HE DID NOT !!!

If Director Iles had taken up any shares - then APG would have informed the market with a Change of Directors Interest Notice.

No such notice has came from director Iles.

Wilcox