TMA-2.21.7
Past version: Effective from 01 Apr 2013 to 30 Sep 2019
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For the purposes of TMA-2.21, the disclosure shall consider the following:
(a) Disclosure shall be made no later than 9 am on the business day following the date of the transaction. CBB should be consulted on any practical difficulties;
(b) In the case of a public disclosure, dealings should be disclosed in writing to all offeror s and the offeree company or their respective professional advisers while also disclosing to the CBB and also, in respect of dealings in listed securities, to the licensed exchange; and
(c) The disclosure shall include the following:
(i) The total number of securities purchased or sold;
(ii) Prices paid or received. In the case of an average price bargain each underlying trade should be disclosed;
(iii) Identity of the associate or any other person dealing if different from the owner or controller;
(iv) If dealing with an associate, an explanation of how that status arises;
(v) If disclosure is made by a 5 percent shareholder or group of shareholders, a statement to that effect;
(vi) The resultant total number of relevant securities owner or controlled by the associate and percentage which it represents; and
(vii) If relevant, details of any arrangements required in the context of indemnity and other arrangements.
Amended: April 2013