Kogan.com says a poor sales update that sent its shares tumbling more than 27 per cent was not material amid questions from the ASX about the sale of $17.4 million in options by the company’s senior executives just three weeks before the announcement.
In letters disclosed to investors on Monday, ASX compliance officials queried the online retailer about the sale of the options – held by Kogan.com chief executive Ruslan Kogan and chief financial officer David Shafer – back to the company on April 4.