Disclosure Of Directors’ Interests In Shares

Question 1

What does a PDMR stand for?

Answer 1

Persons discharging managerial responsibilities (includes directors)

Question 2

Explain the disclosure required under the FCA disclosure and transparency rules relating to directors’ interests and major shareholdings in the company’s securities

Answer 2

1. PDMRs must report transactions to the company and FCA within 3 BUSINESS DAYS of the transaction. (Both sale and purchase of any value)
2. Listed companies must notify the rest of the market as soon as possible after and NO LATER THAN THE END OF THE FOLLOWING BUSINESS DAY
3. Notification must be through a primary information provider.