Entire Section

  • TKO 4.4 TKO 4.4 Obligations of directors selling shares

    • TKO 4.4.1

      When a Director of a Reporting Entity sells Shares owned or controlled by him in that Reporting Entity to an identifiable purchaser as a result of which the purchaser is required to make a Bid under the Rules in this Chapter, such Director must stipulate as a condition of the sale that the purchaser undertakes to fulfil his obligations under the Rules.


      Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]

    • TKO 4.4.2

      In addition, such Director must not resign from the Governing Body until the first closing date of the Bid or the date upon which the Bid becomes or is declared unconditional, whichever is the later.


      Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]