Section 156: Disclosure of share dealing by directors

156. Disclosure of share dealing by directors (1) A person who— (a) on the coming into operation of this section, is a director of a public company; or (b) becomes a director of a public company, and who has a relevant interest in any shares issued by the company shall forthwith— (i) 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 (ii) ensure that the particulars disclosed to the Board under paragraph (2) (a) are entered in the interests register. [Issue 1] C35 – 100 Revised Laws of Mauritius (2) A director of a public company who acquires or disposes of a relevant interest in shares issued by the company shall 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; (ii) the nature of the relevant interest; (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) are entered in the interests register.