Accent Group says ASIC probing share trading by chief executive and director
The regulator’s enquiries are focused on trading last year by Accent boss Daniel Agostinelli, non-executive director Michael Hapgood and an unnamed senior employee.
The corporate regulator is investigating suspected insider trading in Accent Group by its chief executive and others in the footwear retailer.
Accent disclosed the probe by the Australian Securities and Investments Commission on Monday, saying the watchdog was seeking “all reasonable assistance” from the company, including the provision of documents.
ASIC’s enquiries are focused on share trading by Accent chief executive Daniel Agostinelli, non-executive director Michael Hapgood and an unnamed senior employee of Accent between May 23 and June 10 last year.
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By continuing you agree to our Terms and Privacy Policy.Accent noted on Monday that no charges had been laid, and no allegations levelled against the company.
It said Mr Agostinelli’s on-market share sales were pre-approved by the former chair of Accent, adding he “has the full support of the board in his ongoing role as CEO”.
Mr Hapgood had advised the board that he had not traded shares during the ASIC timeframe under investigation, Accent said.
Accent markets more than 34 footwear brands through 800 stores across retail chains including Hype DC.
More to come.
Originally published as Accent Group says ASIC probing share trading by chief executive and director
