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Up to Feb 7 2007Feb 8 2007 onwards

25. Disclosures by connected persons in relation to Investments



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(1) A person who, as the consequence of any event, becomes connected to and has a financial interest in a Reporting Entity shall file a report with the DFSA and the relevant Reporting Entity within 5 business days of the event disclosing any financial interests in Investments in or relating to the Reporting Entity.
(2) A person connected to a Reporting Entity shall file a report with the DFSA and the relevant Reporting Entity within 5 business days of the event on the occurrence of any event as a result of which:
(a) he acquires or ceases to have a financial interest in Investments in or relating to the Reporting Entity; or
(b) the level of financial interest in Investments in or relating to the Reporting Entity in relation to which he has previously filed a report with the DFSA has changed by an amount or passed through a defined level as prescribed by the Offered Securities Rules; or
(c) he ceases to be connected to the Reporting Entity.
(3) Reports filed in accordance with Articles 25(1) and (2) must be filed in the manner prescribed and contain the details required by the Offered Securities Rules.
(4) Reports filed in accordance with Articles 25(1) and (2) and the information provided in the reports as required by the Offered Securities Rules shall be disclosed to the market by the Reporting Entity to which the relevant person is connected and, if considered appropriate, by the DFSA in accordance with the Offered Securities Rules.
(5) In this Article:
(a) a person is "connected" to a Reporting Entity if the person:
(i) is a director or is involved in the senior management of the Reporting Entity or an Associate body corporate of the Reporting Entity;
(ii) owns or beneficially owns voting Securities carrying more than 5% of the votes attached to all voting Securities of the Reporting Entity or an Associate body corporate of the Reporting Entity; or
(iii) is a director of or is involved in the senior management of any person who owns or beneficially owns voting Securities carrying more than 5% of the votes attached to all voting Securities of the Reporting Entity; and
(b) a "financial interest" is a financial interest as prescribed in the Offered Securities Rules.