The former executive of Healthe Care Pty Limited Mr Gregory Campbell, of Bundall, Queensland, has been charged with three counts of insider trading. The filing hearing for Mr Campbell’s charges was listed at the Melbourne Magistrates’ Court on 20 July 2018.

On 20 October 2016, Pulse Health Limited publicly announced that it had received a takeover bid from Healthe Care. 

ASIC alleges that Mr Campbell was in possession of inside information regarding the takeover bid, obtained through his employment with Healthe Care, when he:

• applied for 350,000 shares in Pulse Health on 7 October 2016;
• applied for 300,000 shares in Pulse Health on 14 October 2016; and
• acquired 392,257 shares in Pulse Health on 19 October 2016.

Mr Campbell was not required to enter a plea and the matter was adjourned to 19 October 2018 for committal mention.

Each of the charges carries a maximum penalty of 10 years imprisonment.

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

Editor's note 1:

On 19 October 2018, Mr Campbell’s committal mention was listed in the Melbourne Magistrates' Court. The matter was adjourned to 20 February 2019 for committal hearing.

Editor's note 2:

The committal hearing has concluded and the matter has been adjourned to 5 April 2019. 

Editor's note 3:

The matter has been adjourned to 10 May 2019.

Editor's note 4:

On 10 May 2019, Mr Campbell appeared in the Melbourne Magistrate’s Court and was committed for trial in relation to insider trading charges 2 and 3.  Charge 1 was dismissed. The matter is set down for directions hearing in the Melbourne County Court on 25 March 2020.