TMA-2.21.7
For the purposes of this Section, the disclosure shall consider the following:
(a) Disclosure shall be made before trading hours at the licensed exchange in Bahrain 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: October 2019
Amended: April 2013
Amended: April 2013