1988 Ed.]
Securities (Disclosure of Interests)
[CAP. 396
13
(6) A person who is a party to an agreement to which section 9 applies is under a duty to notify every other party to the agreement, in writing, of his current address-
(a) on his first becoming subject to the requirements of this section; and
(b) on any change in his address occurring after that time and while he is
still subject to those requirements.
(7) A reference to the relevant particulars with respect to the registered ownership of shares is to such particulars in relation to those shares as are mentioned in section 7(6)(a) and (b).
(8) A person's duty to give any notification required by this section to any other person must be performed within the period of 5 days next following the day on which that duty arose.
[cf. U.K. 1985 c. 6, s. 206]
Interests in shares by attribution
12. (1) Where section 3 or 4 refers to a person acquiring an interest in shares or ceasing to be interested in shares, that reference includes his becoming or ceasing to be interested in those shares by virtue of another person's interest.
(2) Subsection (1) applies where he becomes or ceases to be interested by virtue of section 8 or (as the case may be) section 10 whether-
(a) by virtue of the fact that the person who is interested in the shares becomes or ceases to be a person by reference to whose interests (if any) he is by virtue of section 8 or 10 taken to have an interest;
(b) in consequence of the fact that such a person has become or ceased to
be interested in the shares;
(c) in consequence of the fact that he himself becomes or ceases to be a party to an agreement to which section 9 applies to which the person interested in the shares is for the time being a party; or
(d) in consequence of the fact that an agreement to which both he and that person are parties becomes or ceases to be one to which section 9 applies.
(3) Upon a person becoming or ceasing to be interested in shares in the circumstances described in subsection (2) the person is deemed to know that he has acquired an interest in the shares or (as the case may be) that he has ceased to be interested in them, when he knows both--
(a) the relevant facts with respect to the other person's interest in the
shares; and
(b) the relevant facts by virtue of which he himself has become or ceased
to be interested in them in accordance with section 8 or 10.
(4) A person has the knowledge referred to in subsection (3)(a) if he knows (whether contemporaneously or not) either of the subsistence of the other person's interest at any material time or of the fact that the other has become or ceased to be interested in the shares at any such time.
New