"Weebit Nano Chairman & CEO share purchases 10 Nov, 2017 –...

"Weebit Nano Chairman & CEO share purchases 10 Nov, 2017 – Weebit Nano Ltd (ASX: WBT), an Israel-based semiconductor company that is seeking to develop the next generation of memory technology, attach two Appendix 3Y’s following the purchase of WBT shares by its Chairman, Mr David Perlmutter and CEO, Mr Coby Hanoch. As previously advised to the market on 9 October 2017, the Weebit Nano Directors who participated in the recently completed $2.5 million Placement have disposed of the Weebit Nano shares so acquired. Any profits made from the sale are being donated to charity. The Directors that were impacted committed to demonstrate their on-going support for the Company by re-acquiring WBT shares on-market. The Chairman and CEO have done so by reacquiring shares to that amount which they originally invested, albeit at a much higher price following strong investor demand for shares since the Placement."

They participated in the placement which wasn't allowed, sold those shares, then bought them again at a higher price.