(1) Subject to subsection (5), when entering into a material transaction with a related party, a traded PLC shall publicly announce the transaction no later than at the conclusion of the transaction.

(2) An announcement under subsection (1) shall contain -

(a) information on the nature of the related party relationship,

(b) the name of the related party,

(c) the date and the value of the transaction, and

(d) any other information necessary to assess whether or not the transaction is fair and reasonable from the perspective of the traded PLC and of the shareholders who are not a related party, including minority shareholders.

(3)

(a) Subject to subsections (4) and (5), a traded PLC shall not enter into a material transaction with a related party without the transaction being approved, prior to the conclusion of the transaction, by a resolution of the traded PLC in general meeting.