Companies Act 2014
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Duty of PLC to publish particulars of overseas market purchase | ||
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1080. (1) Whenever shares for which dealing facilities are provided on a regulated market or other market referred to in section 1072 (2)(a) are the subject of an overseas market purchase either by the PLC which issued the shares or by a company which is that PLC's subsidiary, the PLC which issued the shares has the following duty. | ||
(2) That duty of the PLC is to publish— | ||
(a) on its website; or | ||
(b) in any other prescribed manner; | ||
for a continuous period of not less than 28 days beginning on the day that next follows the overseas market purchase concerned and is a day on which the market concerned is open for business the following information for total purchases on the market concerned on each such day— | ||
(i) the date, in the place outside the State where the market concerned is located, of the overseas market purchase; | ||
(ii) the purchase price at which the shares were purchased, or the highest such price and lowest such price paid by the PLC or the subsidiary; | ||
(iii) the number of shares which were purchased; and | ||
(iv) the market on which the shares were purchased. | ||
(3) If a PLC fails to fulfil its duty under subsection (1), the PLC and any officer of it who is in default shall be guilty of a category 3 offence. |