Australia's ASIC Says Former Tesla Motors Australia Director Pleaded Guilty To Insider Trading

Published on November 16, 2022 01:13 PM AEDT

Australia's ASIC Says Former Tesla Motors Australia Director Pleaded Guilty To Insider Trading — Image source: ©2022 Kalkine Media®

Nov 16 (Reuters) - Australian Securities & Investments Commission:

* FORMER TESLA MOTORS AUSTRALIA DIRECTOR PLEADED GUILTY IN SYDNEY COURT TO TWO COUNTS OF INSIDER TRADING

* INDIVIDUAL PLED GUILTY TO 1 COUNT OF TRADING WHILE IN POSSESSION OF INSIDE INFORMATION, 1 COUNT OF COMMUNICATING INSIDE INFORMATION TO ASSOCIATE

* FORMER TESLA AUSTRALIA DIRECTOR COMMUNICATED INSIDE INFORMATION ABOUT PIEDMONT/TESLA IN-PRINCIPLE AGREEMENT TO A FRIEND IN SEPT 2020

* ON 16 SEPT 2020, INDIVIDUAL ACQUIRED 86,478 SHARES IN PIEDMONT LITHIUM AFTER BEING INFORMED, OF INSIDE INFORMATION

* INSIDE INFO REGARDING IN-PRINCIPLE AGREEMENT THAT TESLA INC REACHED WITH PIEDMONT FOR SUPPLY OF LITHIUM Further company coverage:

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