Mr Gilman Edwin Wong, the former Chief Executive Officer and director of Sirtex Medical Limited, has pleaded guilty to one charge of insider trading.
Appearing at the Downing Centre Local Court yesterday, Mr Wong pleaded guilty to one charge of insider trading. He was committed to the Sydney District Court for sentencing on a date to be fixed.
The insider trading prosecution relates to Mr Wong’s sale of Sirtex shares on 26 October 2016 while in possession of inside information.
Background
Mr Wong, of Sydney, was the former CEO of Sirtex in the period 2005 to 2017. On 26 October 2016 while in possession of inside information concerning Sirtex’s sales, Mr Wong sold 74,698 Sirtex shares.
He was charged with one count of insider trading under the Corporations Act on 25 September 2018 (18-288MR).
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.
Editor's note:
Following a mention in the District Court on 16 August 2019, the matter has been adjourned until 6 September 2019.
Editor's note 2:
Following a mention in the District Court on 6 September 2019, the matter has been adjourned until 20 September 2019.
Editor's note 3:
On 20 September 2019, the matter was listed for mention before Judge Syme in the Downing Centre District Court. The matter has been listed for sentence on 21 November 2019.
Editor's note 4:
On 20 November 2019, the matter was listed for mention before Judge Syme in the Downing Centre District Court. An application was made to vacate the sentencing date set down for 21 November 2019. The matter was adjourned to 24 January 2020 for a sentencing date to be fixed.
Editor's note 5:
On 24 January 2020, the matter was listed for mention before Judge Syme in the Downing Centre District Court. The matter has been listed for sentence on 15 May 2020.
Editor's note 6:
On 15 May 2020, the sentence proceedings were heard before Judge Bennett SC in the Downing Centre District Court. His Honour has reserved judgment and will deliver the sentence at 10am on 4 June 2020.