Your question as to why directors are not buying comes up from...

Your question as to why directors are not buying comes up from time to time jebac. But wouldn't we be worried if they were buying or selling? .. I think management is being extremely careful.

Minter Ellison (Q's lawyers?) had a case last year:

http://www.minterellison.com/publications/high-court-clarifies-the-scope-of-insider-trading-laws/

It would seem that the prohibition against buying or selling securities applies where:

""a person possesses price-sensitive information that is not generally available, and the person knows (or ought reasonably to know) that:

the information is not generally available; and

if it were generally available, the information might have a material effect on the price or value of the shares concerned.""

If a director were to resign though, or no longer be employed by the company, I'm not sure how the rules would apply then ?

All those redacted clauses in the statement of claim must surely imply privileged information? ... Just my understanding. I always find the website updates re directors holdings since 2010 very reassuring.