Revised Laws of Saint Lucia (2021)

126.   Change in director's interest in securities

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    (1)   A director shall notify the issuer of which he or she is a director within 14 days of the occurrence of—

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      (a)     any event in consequence of which he becomes or ceases to be interested in securities of the issuer or of an associated person;

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      (b)     the entering into by him or her of a contract to buy or sell any such securities;

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      (c)     the assignment by him or her of a right granted to him or her to any member of his or her family by the issuer to subscribe for securities of the issuer;

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      (d)     the grant to him or her by an associated company of the issuer to subscribe for securities of that associated person, the exercise or the assignment of such a right,

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    stating the number or amount and class of securities involved.

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    (2)   Where a director is granted the right to subscribe for the securities of a company under subsection (1)(d), the director shall notify the issuer of—

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      (a)     the date on which the right is granted;

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      (b)     the period during which or the time at which the right is exercisable;

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      (c)     the consideration for the grant; and

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      (d)     in the case of the exercise of the right, the number of securities in respect of which it is exercised, and the name in which such securities are registered.