Director’s Disclosure – All The Notice of Change Transaction Record will be Reflected in The Section 165 Circulation Disclosure Report : Board.Vision

Director’s Disclosure – All Changes to Interest In Security Will Be Reflected in The Section 165 Disclosure Report Print

Modified on: Tue, 23 Nov, 2021 at 4:38 PM

Now, under the Director's Disclosure Section 165, when the Director or Authorised Preparer makes several updates to the Notice of Change relating to a security before circulation, all the changes will be reflected in the Section 165 Disclosure Report.

Old Design

For example:

1 Nov 2021 - The Director had entered 3000 Ordinary Shares as a past record.

2 Nov 2021 - The Director updated the Notice of Change to sell his/her 1000 Ordinary Shares without doing the circulation.

3 Nov 2021 - The Director updated the Notice of Change to sell another 500 Ordinary Shares.

*In this scenario, there are two transactions made, however, the Section 165 Disclosure report shows a summary based on the latest transaction.

New Design

For example:

1 Nov 2021 - The Director had entered 3000 Ordinary Shares as a past record.

2 Nov 2021 - The Director updated the Notice of Change to sell his/her 1000 Ordinary Shares without doing the circulation.

3 Nov 2021 - The Director updated the Notice of Change to sell another 500 Ordinary Shares.

*In this scenario, there are two transactions made, and both transactions are reflected in the Section 165 Disclosure report.

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Director’s Disclosure – All Changes to Interest In Security Will Be Reflected in The Section 165 Disclosure Report Print

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