(1) Subject to section 264, a director or secretary of a company (the "relevant company") who -
(i) is granted by another body corporate of the same group a right to subscribe for shares in, or debentures of, that other body corporate, or
(ii) exercises such a right so granted,
or
(b) becomes aware of a spouse or civil partner of the director's or secretary's or a child of the director's or secretary's -
(i) having been granted by such a body corporate such a right of subscription, or
(ii) having exercised such a right so granted,
has, subject to subsection (3) and (5), the following duty.
(2) That duty is to notify the relevant company in writing of -
(a) the grant of the right of subscription, or the exercise of it, referred to in paragraph (a) or (b) of the preceding subsection (or, as the case may be, both the things referred to in those paragraphs),
(b) the number or amount, and class, of shares or debentures involved and the consideration payable, and
(c) if section 265(6) ap
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