They got an answer for that as well. At the AGM, the Chairman...

They got an answer for that as well. At the AGM, the Chairman stated that the directors of a company being in posession of material that would make them look like carrying out insider trading.

Hence not willing to invest in the purchase of shares from market.

Then the ASA rep got up and stated the lofty position of ASA that they oppose directors having any shares as it will rob them of the independent status.

John Ward magnanimously stated that the he will not sell his 97K+shares he holds.

Incidentally one of the independent director was so independent he slept throughout the proceedings of AGM except a fifteen minute period.