In a response to the market operator’s questions, AACo has told the ASX that neither of the relevant board members shared information with Joe Lewis.
Mr Lewis, via his lawyer, has denied insider trading charges, which cover a range of stocks including Brisbane-based AACo and US-listed biotechnology companies, and said they would be vigorously defended.
The indictment alleged the “material” losses had been discussed at a board meeting in February that year, then detailed in a sharemarket announcement the next day. AACo responded on Tuesday: “Enquiries have been made of the two relevant board members. Based on the information available to AACo, including information provided by the two relevant board members, the answer is ‘no’.”AACo said queries were continuing and noted the board meeting referred to in the indictment occurred on a Sunday at 2pm.asked which of its directors was alleged to have passed on material information, saying it was a matter for proper investigation.
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