DTR 3
Transactions by persons
discharging managerial responsibilities and their connected persons
DTR 3.1
- 01/07/2005
Purpose
DTR 3.1.1
See Notes
This
chapter sets out the notification obligations of issuers, persons discharging managerial responsibilities and
their connected persons in respect
of transactions conducted on their own account in shares of
the issuer, or derivatives or
any other financial instrument relating
to those shares.
- 01/07/2005
Notification of transactions by persons discharging managerial responsibilities
DTR 3.1.2
See Notes
Persons
discharging managerial responsibilities and their connected persons, must notify the issuer in writing of the occurrence of all
transactions conducted on their own account in the shares of
the issuer, or derivatives or
any other financial instruments relating
to those shares within four business days of the day on which the transaction
occurred. [Note: Article 6(4) Market Abuse Directive and Article 6(1)
2004/72/EC]
- 01/07/2005
DTR 3.1.3
See Notes
The notification required by DTR 3.1.2 R must
contain the following information:
(1) the name of the person
discharging managerial responsibilities within the issuer, or, where applicable, the name of
theperson
connected with such a person;
(2) the reason for responsibility to
notify;
(3) the name of the relevant issuer;
(4) a description of the financial instrument;
(5) the nature of the transaction (e.g.
acquisition or disposal);
(6) the date and place of the transaction;
and
(7) the price and volume of the transaction.
[Note: Article 6(3) 2004/72/EC]
- 01/07/2005
Notification of transactions by issuers to a RIS
DTR 3.1.4
See Notes
(1) An issuer must
notify a RIS of any information
notified to it in accordance with:
(a)
DTR 3.1.2 R
(Notification of transactions by
persons discharging managerialresponsibilities);
(b) [deleted]
(c) section 793 of the Companies Act
2006 (Notice requiring information about interests in shares)to the extent that it relates to the interests of a director or, as far as the issuer is aware,
any connected person; and
(d) paragraph 26 of the Model Code.
(2) The notification to a RIS described in paragraph (1) must be made
as soon as possible, and in any event by no later than the end of the business day following the receipt of the
information by the issuer.
- 06/03/2009
DTR 3.1.5
See Notes
The notification required by DTR 3.1.4 R must
include the information required by DTR 3.1.3 R together with the date
on which the notification was made to the issuer.
- 01/07/2005
DTR 3.1.6
See Notes
If an issuermakes the appropriate notification
to the RIS under DTR 3.1.4 R (1)(a), a further notification to an RIS is
not required in the event of it receiving information regarding the same dealing
in a notification under section 793 of the Companies Act 2006.
- 06/10/2007
DTR 3.1.7
See Notes
An issuer may
use the form entitled Notification of Transactions of Directors, Persons Discharging
Managerial Responsibility or Connected Persons to make the notification required
by DTR 3.1.4 R.
- 01/07/2005
DTR 3.1.8
See Notes
An issuer with financial instrumentsadmitted
to trading on a regulated market in
the United Kingdom that does
not fall within )DTR 1.1.1 R (2) or DTR 1.1.1 R (4), must notify equivalent information to
that required by DTR 3.1.4 R and DTR 3.1.5 R to a RIS as
soon as possible after the issuer becomes
aware of the information.
- 01/07/2005