InvestSMART

Eastern Gas Corporation Limited (ASX:EGA)

ALERT: Price-sensitive ASX Announcement for EGA
Current share price for EGA : $0.155 -0.01 (-6.06%)+
Announcement
Release
8 Apr 2026 2:21PM
Price at Release
$0.165
Full Release
download
Summary
The document is a response from Eastern Gas Corporation Limited (EGA) to an ASX query regarding breaches of trading policy by Mr Scott Brown. It outlines that Mr Brown conducted transactions in EGA securities during a closed period without proper written approvals, and failed to notify the Company Secretary about these trades timely. EGA acknowledges these breaches and plans to implement remedial actions including governance review and better internal protocols to ensure compliance with disclosure obligations. The response confirms that EGA is complying with the ASX Listing Rules, particularly Listing Rule 3.1, and assures that the board has approved the responses to ASX's inquiries.
Key Points
  • Mr Brown breached EGA's Trading Policy by trading in a closed period.
  • Approval for trades was obtained verbally, not in writing as required.
  • Mr Brown failed to notify the Company Secretary of trades within two business days.
  • EGA plans to take remedial action and review its governance processes.
  • An updated Appendix 3Y for Mr Brown will be submitted.
  • EGA confirmed compliance with Listing Rule 3.1.
  • Responses to ASX queries were approved by the EGA Board.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.