Uniti Group executive director and ex-Vocus chairman Vaughan Bowen will fight two charges of insider trading relating to the sale of Vocus shares in 2019, which were potentially worth $25.7 million.
Mr Bowen appeared via his legal representatives in Melbourne Magistrates’ Court on Tuesday, where the corporate regulator alleged he offloaded about 5.6 million shares in Vocus with inside knowledge that private equity firm EQT would withdraw its $3.3 billion takeover tilt for the once-troubled telco.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
