14.3
During the closed period, a principal officer of the listed issuer transfers his shares in the listed issuer to his wife and the consideration is in-kind (as opposed to cash). Is this regarded as a dealing in securities and hence, require notification?
"Dealing" is defined under paragraph 14.02(c) of the Main LR to include any disposal of securities or any interest in securities. As such a transfer of a principal officer's shares in the listed issuer to his wife without consideration or consideration in-kind would be regarded as dealing in securities under Chapter 14 of the Main LR and subject to the notification requirements set out in that Chapter.