Directors' Shareholding & Share Trading

Executive Directors may receive share options (following shareholder approval) but are not allowed to participate in the CCA Employee Share Plan.  Mr Davis does not currently hold any options. 

The current holdings by Directors in the Company (as at 17 October 2005) are:

Director Director Position/Qualification Ordinary Shares (Direct) Ordinary  Shares (Indirect) David Gonski, AO (Chairman)   Independent Director 32,454       100,742  Jillian Broadbent, AO Independent Director 1,011      9,249  Wal King, AO Independent Director 1,200      15,288  David Meiklejohn Independent Director 1,000      7,148  Mel Ward, AO Independent Director 1,507      9,173  Irial Finan Non-Executive Director  - 526  Geoffrey Kelly Non-Executive Director 1,301      5,110  Terry Davis Executive Director 106,089 400,525

Directors are subject to the Corporations Act 2001 which restricts their buying, selling or subscribing for securities in the Company if they are in possession of inside information.  
 
The Board has also adopted a formal policy for share dealings by Directors and senior management. The policy allows for the buying and selling of the Company's shares only during the four-week periods following the release of the full-year and half-year results and the Annual General Meeting, unless exceptional circumstances apply. The policy prohibits speculative transactions involving the Company's shares and reinforces the prohibition on insider trading contained in the Corporations Act 2001.
 
 Click here (pdf, 73kb) for the policy on dealing in CCA’s shares.