CHAPTER 4Supplementary
Communication of decisions
24.—(1) A company that has passed an opting-in resolution or an opting-out resolution must notify—
(a)the Panel; and
(b)where the company—
(i)has voting shares admitted to trading on a regulated market in an EEA State other than the United Kingdom, or
(ii)has requested such admission,
the authority designated by that State as the supervisory authority for the purposes of Article 4.1 of the Takeovers Directive.
(2) Notification must be given within 15 days after the resolution is passed and, if any admission or request such as is mentioned in paragraph (1)(b) occurs at a later time, within 15 days after that time.
(3) If a company fails to comply with this regulation, an offence is committed by—
(a)the company; and
(b)every officer of it who is in default.
(4) A person guilty of an offence under this regulation is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, to a daily default fine not exceeding £100.