Companies Act, 1990

Application and amendment of the 1984 Regulations.

93.—(1) The annual report required by Regulation 11 of the European Communities (Stock Exchange) Regulations, 1984 ( S.I. No. 282 of 1984 ) (“the 1984 Regulations”) shall include—

(a) the number of written complaints received suggesting possible contraventions of section 91 ,

(b) the number of reports made under section 92 ,

(c) the number of instances in which, following the exercise of powers by authorised persons under section 117 , as applied by section 92 , reports were not so made, and

(d) such other information as may be prescribed.

(2) The First Schedule to the 1984 Regulations is hereby amended by the substitution, for paragraph 5 (c) of Schedule C of the Annex to Council Directive 79/279/EEC of 5 March 1979 * set out in that Schedule, of the following.

“(c) The company must inform the public of any changes in the structure (shareholders and breakdown of holdings) of the major holdings in its capital as compared with information previously published on that subject as soon as such changes come to its notice.

In particular, a company which is not subject to Council Directive 88/627/EEC on the information to be published when a major holding in a listed company is acquired or disposed of must inform the public within nine calendar days whenever it comes to its notice that a person or entity has acquired or disposed of a number of shares such that his or its holding exceeds or falls below one of the thresholds laid down in Article 4 of that Directive.”.

*OJ No. L66, 16.3.1979, p.21