New Zealand Legislation: Regulations

11 Description of acquisition or disposal of relevant interest

• (1) Every disclosure notice in form 2 must—

  • (a) contain a description of the nature or type of transaction; and

  • (b) specify whether the security to which the relevant interest relates or related was acquired or disposed of under the transaction.

  (2) For the purposes of subclause (1) and regulation 12, transaction means the arrangement pursuant to which, or the circumstances in which, the acquisition or disposal of the security to which the relevant interest relates or related took place, and includes (without limitation)—

  • (a) an on-market trade:

  • (b) an off-market trade:

  • (c) an exercise of options:

  • (d) an issue of securities under a dividend reinvestment plan:

  • (e) participation in a buy-back scheme.

  Regulation 11(1): amended, on 9 October 2008, by regulation 9 of the Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Amendment Regulations 2008 (SR 2008/300).