All Templates
Release existing obligations
🏡 Deed of release
Article 19 Mar Notification To Pdmr Of Their Obligations (Letter From Issuer)
Article 19 Mar Notification To Pdmr Of Their Obligations (Letter From Issuer)
Publisher one
Genie AISource file
article_19_mar_notification_to_pdmr_of_their_obligations_(letter_from_issuer)__template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏡 Deed of releaseBusiness activity
Release existing obligationsA deed of release is a legal document that outlines the terms of an agreement between two parties. The agreement typically involves one party releasing another party from any legal liability or obligation.
The legal template titled "Article 19 Mar Notification To Pdmr Of Their Obligations (Letter From Issuer)" under UK law is a document that is typically used in the context of corporate governance and securities laws. It is designed to inform persons discharging managerial responsibilities (PDMRs), who are typically senior executives or directors within a company, of their obligations under Article 19 of the EU Market Abuse Regulation (MAR).
The MAR establishes rules and requirements to prevent insider trading and unlawful disclosure of inside information, thereby ensuring transparency and market integrity. PDMRs, due to their positions of authority and access to relevant information, have more extensive obligations and responsibilities regarding their dealings in the company's securities.
This template letter is sent by the issuer of securities (the company or the entity whose shares are traded on a public market) to the PDMRs, serving as a formal communication to notify them of their obligations under Article 19 of MAR. It outlines the legal requirements, restrictions, and obligations for PDMRs in relation to their transactions involving the issuer's securities.
The content of this template typically includes details about the legal framework, definitions of key terms, obligations related to insider dealing and disclosure of inside information, restrictions on dealing in securities during closed periods, and the need to notify the issuer and the regulatory bodies about transactions conducted by the PDMRs. Additionally, the template may include specific instructions on how to comply with the mentioned obligations and adhere to the regulatory requirements.
Overall, this legal template plays an essential role in ensuring PDMRs are aware of their obligations and assists in complying with the relevant laws and regulations governing their transactions in the issuer's securities. By providing a standardized format for communication, it helps issuers maintain transparency, adhere to market regulations, and mitigate the potential risks associated with insider trading or the unauthorized disclosure of inside information.
The MAR establishes rules and requirements to prevent insider trading and unlawful disclosure of inside information, thereby ensuring transparency and market integrity. PDMRs, due to their positions of authority and access to relevant information, have more extensive obligations and responsibilities regarding their dealings in the company's securities.
This template letter is sent by the issuer of securities (the company or the entity whose shares are traded on a public market) to the PDMRs, serving as a formal communication to notify them of their obligations under Article 19 of MAR. It outlines the legal requirements, restrictions, and obligations for PDMRs in relation to their transactions involving the issuer's securities.
The content of this template typically includes details about the legal framework, definitions of key terms, obligations related to insider dealing and disclosure of inside information, restrictions on dealing in securities during closed periods, and the need to notify the issuer and the regulatory bodies about transactions conducted by the PDMRs. Additionally, the template may include specific instructions on how to comply with the mentioned obligations and adhere to the regulatory requirements.
Overall, this legal template plays an essential role in ensuring PDMRs are aware of their obligations and assists in complying with the relevant laws and regulations governing their transactions in the issuer's securities. By providing a standardized format for communication, it helps issuers maintain transparency, adhere to market regulations, and mitigate the potential risks associated with insider trading or the unauthorized disclosure of inside information.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Section 127 Validation Order Application Notice
The legal template for a Section 127 Validation Order Application Notice under UK law is a document used to apply for a validation order from the court. Section 127 of the Insolvency Act 1986 states that certain transactions entered into by a company may be voidable if they were made to defraud creditors or are deemed at an undervalue. A validation order seeks to confirm the validity of such transactions and protect them from being challenged under this section of the law.
The application notice is typically filed by a company or an interested party who wishes to provide legal certainty and protection to a particular transaction or series of transactions. The notice will outline the relevant details and parties involved, describe the nature and purpose of the transactions, and provide evidence or arguments supporting the request for validation.
The template may include sections such as the title of the proceedings, the court and relevant parties' names, and contact information. It will also contain a statement of the grounds upon which the application is made, including any legal authorities or precedent relied upon. Additionally, the template will likely provide sections to state the precise relief sought, any relevant material facts, and provide supporting documents or witness statements as necessary.
By utilizing this template, individuals or companies seeking legal protection for their transactions can efficiently draft and submit an application notice for a Section 127 Validation Order to the UK court.
The application notice is typically filed by a company or an interested party who wishes to provide legal certainty and protection to a particular transaction or series of transactions. The notice will outline the relevant details and parties involved, describe the nature and purpose of the transactions, and provide evidence or arguments supporting the request for validation.
The template may include sections such as the title of the proceedings, the court and relevant parties' names, and contact information. It will also contain a statement of the grounds upon which the application is made, including any legal authorities or precedent relied upon. Additionally, the template will likely provide sections to state the precise relief sought, any relevant material facts, and provide supporting documents or witness statements as necessary.
By utilizing this template, individuals or companies seeking legal protection for their transactions can efficiently draft and submit an application notice for a Section 127 Validation Order to the UK court.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
1
DISCUSSIONS
1
Section 14(1) Standard Notice Of Withdrawal By Nominated Person
This legal template, titled Section 14(1) Standard Notice of Withdrawal by Nominated Person under UK law, outlines the procedure for formally withdrawing a nominated person from a particular role or position according to the laws of the United Kingdom. The nominated person refers to an individual who has been appointed, selected, or recommended for a specific designation, duty, or responsibility within a certain context, such as a public office, board, committee, or organization.
The template provides a standardized format for issuing a notice of withdrawal, ensuring compliance with legal requirements and maintaining transparency in the process. It includes relevant sections and provisions as prescribed by Section 14(1) of UK law to ensure its validity.
Typically, this template will contain information such as the complete details of the nominated person, including name, address, contact details, and the specific role or position from which they wish to withdraw. It may also specify the effective date of the withdrawal, allowing sufficient time for a smooth transition to be facilitated, or indicating immediate effect based on the circumstances.
Additionally, the template might include clauses regarding the reasons for withdrawal or any necessary justifications, as per legal requirements. It may also address procedural aspects, such as how the nominated person should return any relevant documentation, access rights, or assets associated with their previous position.
Overall, this legal template aims to provide a standardized and legally recognized framework for initiating the withdrawal process of a nominated person in the United Kingdom, ensuring proper formalities are followed, and that the relevant parties are duly informed of the change.
The template provides a standardized format for issuing a notice of withdrawal, ensuring compliance with legal requirements and maintaining transparency in the process. It includes relevant sections and provisions as prescribed by Section 14(1) of UK law to ensure its validity.
Typically, this template will contain information such as the complete details of the nominated person, including name, address, contact details, and the specific role or position from which they wish to withdraw. It may also specify the effective date of the withdrawal, allowing sufficient time for a smooth transition to be facilitated, or indicating immediate effect based on the circumstances.
Additionally, the template might include clauses regarding the reasons for withdrawal or any necessary justifications, as per legal requirements. It may also address procedural aspects, such as how the nominated person should return any relevant documentation, access rights, or assets associated with their previous position.
Overall, this legal template aims to provide a standardized and legally recognized framework for initiating the withdrawal process of a nominated person in the United Kingdom, ensuring proper formalities are followed, and that the relevant parties are duly informed of the change.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
11
RATINGS
3
DISCUSSIONS
1
Section 168 General Meeting Notice To Remove Director
The legal template labeled "Section 168 General Meeting Notice To Remove Director under UK law" refers to a document that outlines the procedure for calling a general meeting for the purpose of removing a director from their position within a company, in accordance with UK law. This template is designed to provide a clear and formal notice that must be sent to all shareholders and members of the company in order to inform them about the upcoming meeting and the proposed resolution to remove a specific director.
The template may specify various essential details such as the date, time, and location of the general meeting, as well as the specific director targeted for removal. It may also outline the grounds for such removal, including any specific allegations or misconduct that have led to this decision. Additionally, the template might include information on the process for proposing alternative candidates or directors to fill the vacancy created by the removal.
A Section 168 General Meeting Notice serves as a crucial communication tool for both the company's management and shareholders, ensuring that all stakeholders are well-informed about an important decision that will have a significant impact on the company's governance structure. This document holds legal significance and must be crafted with precision to comply with the legal provisions governing the removal of directors in the UK.
The template may specify various essential details such as the date, time, and location of the general meeting, as well as the specific director targeted for removal. It may also outline the grounds for such removal, including any specific allegations or misconduct that have led to this decision. Additionally, the template might include information on the process for proposing alternative candidates or directors to fill the vacancy created by the removal.
A Section 168 General Meeting Notice serves as a crucial communication tool for both the company's management and shareholders, ensuring that all stakeholders are well-informed about an important decision that will have a significant impact on the company's governance structure. This document holds legal significance and must be crafted with precision to comply with the legal provisions governing the removal of directors in the UK.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
1
RATINGS
1
DISCUSSIONS
0
