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.