Ann: Appendix 3Y (Lacaze), page-2

I deliberately did not post to this because I wanted to see what others thought first. Apparently no one found it significant. AL only has 75.3 K shares that she has paid for herself. She has only sold since buying her initial shares when appointed to the Board.

One of the sections of the AR I pay the most attention to is the "Remuneration report – audited 31" On page 46 it shows what all executives and Board members received bought and sold. Last year AL Sold 228 K shares she up this so far this year by selling 1,000 K shares. About 1/3 of her total holdings. A couple of questions.

1. IF AL thinks Stock is going up why is she selling so much of her holdings.
2. Those who still have a buy on Stock and are still holding all their shares do you think you should look at what the executives are doing.

You should look at what P Le Roux who as VP of both production, and SALES and Marketing. and is clearly second in command. He sold less shares than AL in numbers but in % terms he sold more. Since I already gave section to look in, I will let you look it up for your selves. Insiders now hold about 0.85% of stock. down about 50% from only a few years ago. I know there are many reasons for this but it is lower than other stocks I own. So what do the insiders think of their own company? https://finance.yahoo.com/quote/LYC.AX/key-statistics?p=LYC.AX

Two back up examples
MP Insider holding 19.6% and the CEO bought stock on open market as well as not selling any grants https://finance.yahoo.com/quote/MP/key-statistics?p=MP
AMZN insider 9.7% Jeff its founder. His X Received many of his shares and these are not included as insider shares. https://finance.yahoo.com/quote/AMZN/key-statistics?p=AMZN

What to do with your shares? You decide.