Asx rules should ensure investors are fully informed re the...

Asx rules should ensure investors are fully informed re the financial state of the company. This was clearly not followed. The decision to close the hedge - by far the biggest decision in the history of the company - should have had prior communication to shareholders - maybe even put to a vote.
also , if Macquarie sold even one share while receiving information the rest of the market were not aware of then they are guilty of insider trading . Regardless of their position as financiers they were also shareholders and subject to insider trading laws