"I think the purchase of shares by the key executives … was a demonstration that they believed in the future of the company and a strong signal to shareholders."
"It [the small shareholding sale facility] was largely a cost-driven exercise."
"From an optics perspective, I personally think they look terrible. However, in terms of timing the market, they couldn't have done better."
"It's put me off investing in certain kinds of companies."
"ASIC has not observed any non-compliance but believes there is room for entities to more clearly articulate the action required by those identified as holding small shareholdings should they wish to retain their shares."
"A company should give enough notice of an opt out, and shareholders that don't want to sell their shareholding then have an opportunity."