Former executive charged with insider trading


insider trading

Australian regulator ASIC announced that former executive of Healthe Care Pty Limited Mr Gregory Campbell, of Bundall, Queensland, has been charged with three counts of insider trading. The filing hearing for Mr Campbell’s charges was listed at the Melbourne Magistrates’ Court on 20 July 2018.

On 20 October 2016, Pulse Health Limited publicly announced that it had received a takeover bid from Healthe Care.

ASIC alleges that Mr Campbell was in possession of inside information regarding the takeover bid, obtained through his employment with Healthe Care, when he:

  • applied for 350,000 shares in Pulse Health on 7 October 2016;
  • applied for 300,000 shares in Pulse Health on 14 October 2016; and
  • acquired 392,257 shares in Pulse Health on 19 October 2016.

Mr Campbell was not required to enter a plea and the matter was adjourned to 19 October 2018 for committal mention.

Each of the charges carries a maximum penalty of 10 years imprisonment.

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

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Former executive charged with insider trading

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