Revised Laws of Saint Lucia (2021)

322.   “Insider” defined

In this Division, “insider” means, in respect of a company—

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    (a)     a director or officer of the company;

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    (b)     a company that purchases or otherwise acquires shares issued by it or any of its affiliates;

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    (c)     a person who beneficially owns more than 10% of the shares of the company, or who exercises control or direction over more than 10% of the votes attached to shares of the company;

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    (d)     an associate or affiliate of a person mentioned in paragraphs (a) to (c); and

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    (e)     a person, whether or not he or she is employed by the company who—

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      (i)     receives specific confidential information from a person described in this section, including a person described in this paragraph, and

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      (ii)     has knowledge that the person giving the information is a person described in this section, including a person described in this paragraph.