Business
Manager charged with insider trading over Sigma shares sale – The Australian Financial Review
ASIC alleges an employee of Sigma Healthcare had inside information when he sold shares before a stock tumble that would have cost him paper losses of more than…
The regulator said on Friday that Mr Story sold 645,047 Sigma shares on May 9, 2018, and a further 250,000 shares on June 21, 2018.
If Mr Story had held on to those share parcels, he would have suffered paper losses of more than $290,000 when the stock tumbled after the news.
ASIC alleges that, at the time he disposed of the two tranches of Sigma shares, Mr Story possessed inside information relating to the negotiations to renew the wholesale supply deal between the two parties.
Sigma said while…
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