(1) Whenever shares for which dealing facilities are provided on a recognised stock exchange have been purchased either by the company which issued the shares or by a company which is that company's subsidiary, other than when the purchase was an overseas market purchase, the company whose shares have been purchased shall be under an obligation to notify that stock exchange of that matter; and the stock exchange may publish, in such manner as it may determine, any information received by it under this subsection.
(2) An obligation imposed by subsection (1) shall be fulfilled before the end of the day next following that on which it arises.
(3) If default is made in complying with this section, the company and every officer of the company who is in default shall be guilty of an offence.