Person closely associated

Closely associated natural persons are (as defined by MAR / IAS24)
  • Spouse (MAR & IAS24)
  • Manager’s dependent child (MAR & IAS24)
  • Spouse’s dependent child (IAS24)
  • Other relative in the same household (MAR)
  • Other dependant of Manager or spouse (IAS24)

 

Closely associated legal persons are (as defined by MAR / IAS24)
  • Entity with Manager or closely associated natural person in managerial position (MAR)
  • Entity controlled by Manager or a closely associated natural person (MAR & IAS24)
  • Entity set up for the benefit of Manager or closely associated natural person (MAR)
  • Entity with same economic interests as Manager or closely associated natural person (MAR)

 

Closely associated natural persons according to MAR are:
  • A spouse, or a partner considered to be equivalent to a spouse in accordance with national law
  • A dependent child, in accordance with national law
  • A relative (adult, child or other relative) who has shared the same household for at least one year

 

Closely associated legal persons according to MAR are:
  • A legal person, trust or partnership that is directly or indirectly, alone or jointly, controlled by the PDMR or by a closely associated natural person
  • A legal person, trust or partnership, the managerial responsibilities of which are discharged by a PDMR or a closely associated natural person (for example as CEO, CFO, other manager, Board member), where such person takes part in or influences the decisions of such legal person to carry out transactions in financial instruments of the Company
  • A legal person, trust or partnership that has been set up for the benefit of the PDMR or a closely associated natural person
  • A legal person, trust or partnership that’s economic interests are substantially equivalent to the economic interests of the PDMR or a closely associated natural person

 

Related parties according to IAS24 standard are:
  • A spouse or domestic partner (including cohabitants who live in a relationship in a shared household) (IAS24)
  • A child (own, not necessarily dependent, may be an adult) (IAS24)
  • A child (spouses or partners, not necessarily dependent, may be an adult) (IAS24)
  • Other dependant (own or partner’s) (IAS24)
  • An entity that is directly or indirectly, alone or jointly, controlled by the member of the key management personnel or a closely associated natural person (ownership alone or together with a family member > 50% or the right to exercise the power of the owner based on a contract or other similar basis) (IAS24)
  • An entity of which the member of the key management personnel or a closely associated natural person has significant influence over (20-50% ownership) or is a member of the key management personnel of the entity. ONLY APPLICABLE IF person has also control or joint control of the issuer (IAS24)