Good point Mr Music, but I imagine that WCL directors and...

Good point Mr Music, but I imagine that WCL directors and employees have knowledge of the data that WCL are providing, and unless it is information that is price sensitive and not generally available to the market then the Directors and associated enities would not be able to aquire shares if it is price sensitive and while it is not generally available to the market.

Does any one know if the directors are restricted in buying more shares in WCL on market at the moment?

If there are any restrictions on Directors and entities, then by taking up their rights for the new shares solves that problem, and solves any liquidity problems that a large on market purchases would have been for some of the larger holders.

Not sure how all this works, any Corporate M & A specialists on this thread?