SECURITIES (DISCLOSURE OF INTERESTS)
Ord. No. 63/88
A373
(3) Otherwise, the duty must be performed before the expiration of the period of 5 days beginning with the day following that on which the existence of the interest comes to his knowledge.
14. (1) A duty imposed on a person by section 28(2) to notify the occurrence of an event must, if at the time at which the event occurs he knows of its occurrence and of the fact that its occurrence gives rise to the duty, be performed before the expiration of that period of 5 days beginning with the day following that on which the
event occurs.
(2) Otherwise, the duty must be performed before the expiration of a period of 5 days beginning with the day following that on which the fact that the occurrence of the event gives rise to the duty comes to his knowledge.
PART III
Circumstances in which duty imposed by section 28 is not performed
15. (1) Where an event of whose occurrence a director or chief executive is, by virtue of section 28(2)(a), under a duty to notify a company consists of his entering into a contract for the purchase by him of shares or debentures, the duty is not performed in the absence of inclusion in the notification of a statement of the price to be paid by him under the contract.
(2) A duty imposed on a director or chief executive by section 28(2)(b) is not performed in the absence of inclusion in the notification of the price to be received by him under the contract.
16. (1) A duty imposed on a director or chief executive by virtue of section 28(2)(c) to notify a company is not performed in the absence of inclusion in the notification of a statement of the consideration for the assignment (or, if it be the case that there is no consideration, that fact).
(2) Where an event of whose occurrence a director or chief executive is, by virtue of section 28(2)(d), under a duty to notify a company consists in his assigning a right, the duty is not performed in the absence of inclusion in the notification of a similar statement.
17. (1) Where an event of whose occurrence a director or chief executive is, by virtue of section 28(2)(d) under a duty to notify a company consists in the grant to him of a right to subscribe for shares or debentures, the duty is not performed in the absence of inclusion in the notification of a statement of—
(a) the date on which the right was granted;
(b) the period during which or the time at which the right is exercisable;
(c) the consideration for the grant (or, if it be the case that there is no
consideration, that fact); and
(d) the price to be paid for the shares or debentures.
(2) Where an event of whose occurrence a director or chief executive is, by section 28(2)(d), under a duty to notify a company consists in the exercise of a right granted to him to subscribe for shares or debentures, the duty is not performed in the absence of inclusion in the notification of a statement of—
(a) the number of shares or amount of debentures in respect of which the right
was exercised; and
(b) if it be the case that they were registered in his name, that fact, and, if not, the name or names of the person or persons in whose name or names they were registered, together (if they were registered in the names of 2 persons or more) with the number or amount registered in the name of each of them.
18. In this Part, a reference to price paid or received includes any consideration other than money.