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Court sets trial date for insider dealing case against Segantii Capital Management and its chief investment officer

Issue date: 2024-12-19 16:58:06

The District Court today fixed the trial of Segantii Capital Management Limited, its director and chief investment officer Mr Simon Sadler, and former trader Mr Daniel La Rocca on 4 May 2026 after they pleaded not guilty to charges of insider dealing.

The proceedings were commenced by the Securities and Futures Commission (SFC). The three defendants are charged with the offence of insider dealing in the shares of a listed company prior to entering into a block trade in June 2017 in the shares of the same listed company (Note 2).

Sadler and La Rocca were granted bail pending trial on the same conditions: (i) cash bail of $1,000,000 and $500,000 respectively; (ii) they shall inform the SFC 24 hours before leaving Hong Kong, and to provide the SFC with full itinerary with contact details; (iii) they shall reside at the home address provided to the SFC and inform the SFC 48 hours in advance of any change of address and/or contact details whilst abroad; and (iv) they shall not contact either directly or indirectly any prosecution witnesses.

No further comment will be made as legal proceedings are ongoing.

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Notes:

1. Please see the SFC’s press releases dated 2 May 2024, 12 June 2024, 2 July 2024 and 15 October 2024.
2. The listed company is Esprit Holdings Limited.

Source: SFC