Section 148 — Companies Act 1993: Disclosure of share dealing by directors

148 Disclosure of share dealing by directors (1) A director of a company that has become registered under this Act in accordance with the Companies Reregistration Act 1993 and who has a relevant interest in any shares issued by the company must, forthwith after the reregistration of the company,— (a) Disclose to the board the number and class of shares in which the relevant interest is held and the nature of the relevant interest; and (b) Ensure that the particulars disclosed to the board under paragraph (a) of this subsection are entered in the interests register. (2) A director of a company who acquires or disposes of a relevant interest in shares issued by the company must, forthwith after the acquisition or disposition,— (a) Disclose to the board— (i) The number and class of shares in which the relevant interest has been acquired or the number and class of shares in which the relevant interest was disposed of, as the case may be; and (ii) The nature of the relevant interest; and (iii) The consideration paid or received; and (iv) The date of the acquisition or disposition; and (b) Ensure that the particulars disclosed to the board under paragraph (a) of this subsection are entered in the interests register.