(1) A person who ceases to be a substantial shareholder in a company shall give notice in writing to the company stating his or her name and the date on which he or she ceased to be a substantial shareholder and giving full particulars of the circumstances by reason of which he or she ceased to be a substantial shareholder.
(2) A person required to give notice under subsection (1) shall do so within 14 days after he or she becomes aware that he or she has ceased to be a substantial shareholder.