Dealing Procedures Manual

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Dealing Procedures Manual

Dealing Procedures Manual

This precedent memorandum sets out the procedures to be followed by a listed company and its subsidiaries in relation to dealings in the company’s securities. The purpose of this memorandum is to assist the company to comply with its obligations under the UK Market Abuse Regulation (Retained Regulation (EU) 596/2014) and to ensure that the company has the necessary systems and procedures in place to assist persons discharging managerial responsibilities (PDMRs) and other employees of the company and its subsidiaries to comply with their obligations under the company’s Dealing Code and the UK Market Abuse Regulation. This precedent is the product of an industry-led development of codes, guidance and best practice prepared by The Chartered Governance Institute (formerly known as ICSA: The Governance Institute), GC100, the Quoted Companies Alliance and other market participants.

Index

No.ContentPage
Introduction[page number]
Part A—General dealing requirements[page number]
1.Dealings by Restricted Persons[page number]
2.Identifying Restricted Persons[page number]
3.Clearance procedure[page number]
4.Circumstances for refusal[page number]
5.Trading Plans and Investment Programmes[page number]
6.Acting as a trustee[page number]
7.Funds and portfolios of assets[page number]
8.Employee share plans, employee share awards and employee trusts[page number]
Part B—Exceptions for PDMR Dealings during MAR Closed Periods[page number]
9.Exceptional circumstances[page number]
10.[Exception for Qualification Shares][page number]
11.Exception for entitlements in respect of rights issues and other offers[page number]
12.Exception for transfers between accounts[page number]
13.Other exceptions[number]
Schedule 1: Defined terms[page number]
Schedule 2: Dealing[page number]
Schedule 3: Pro forma notice

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