Directors' Interests in Shares and Share Plans
Certain directors, such as the directors of UK companies, have a statutory duty to disclose their interests in acquiring shares and in joining share plans.
You can record, view, and change such interests on the Interests in Shares and Interests in Share Plans pages under Appointments inside the company record.
Use the Search for, Show, and Order by options to filter the list of records on both pages. Under Wizards, you can find the option to start an opening balance, to acquire interest as well as to dispose of interest. Additionally, you can select Options against each record to edit or undo the interest and so on.
Acquire Interest
The Acquire Interest option enables you to record interests in shares and share plans. Refer to Record Directors' Interest in Shares and Record Directors' Interest in Share Plans respectively to learn more.
Dispose Interest
Disposals of interests are automatically recorded following share disposals if the director is still a serving director at the time of the disposal. To manually dispose of a shareholders' interest in shares, select the Dispose Interest option and complete the wizard.
The Dispose Interest option is also available for share plans. To record the amount being disposed of as an acquisition under Interest in Shares, select the Automatically make notification of acquisition of shares option in the wizard.
Edit Interest
Use the Edit Interest option to change the details of the interest.
Cross Notifications
With this option, you can set up cross notifications about directors' interests to companies that are owned by more than 50% by the same parent company.
Undo Interest
With the Undo Interest option, you can undo an interest record if required.