Oireachtas Joint and Select Committees

Tuesday, 5 November 2013

Select Committee on Jobs, Enterprise and Innovation

Companies Bill 2012: Committee Stage

12:05 pm

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail) | Oireachtas source

I have a quick question on the definition of shares. My understanding is that the definition of shares in section 306(5) applies to shares quoted on any securities or other markets referred to in section 1071. Under my reading, that would exclude shares quoted on the Nasdaq or the SEC. Therefore, if a director was to make gains on a company based on the Nasdaq or the SEC, those gains could be exempted from being disclosed. Is that the case?

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