On Wednesday, May 11, the ASX recovered from a 0.8% fall to close higher for the first time in the week, up 0.2%.
Lifestyle Communities, the South Melbourne-based land lease owner/operator, saw its shares rise 15.1% on that day, the highest climber on the ASX. The next biggest riser being City Chic, with a 6.7% jump.
Lifestyle Communities’ share hit a high of AU$14.08. The stock closed at AU$13.96.
What happened at Lifestyle Communities? 24 hours earlier it lodged a trading update, which reaffirmed its annual forecasts (see separate story).
On Wednesday, director Nicola Roxon, the former Federal Attorney General and Federal Minister for Health and Ageing, purchased 1,000 more Lifestyle Communities shares in an on-market trade. The transaction was valued at AU12,050.
She was appointed to the board on 1 September 2017. In the 2021 annual report, it was stated Nicola has 6,000 fully paid ordinary shares.
Lifestyle Communities shares closed last night at $14.27, falling from $13.50 at close on Friday.
