1. In order to benefit from the exemption laid down in Article 5(1) of Regulation (EU) No 596/2014, prior to the start of trading in a buy-back programme permitted in accordance with the law of the United Kingdom which was relied on by the United Kingdom immediately before IP completion day to implement Article 21(1) of Directive 2012/30/EU of the European Parliament and of the Council [Directive 2012/30/EU of the European Parliament and of the Council of 25 October 2012 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 54 of the Treaty on the Functioning of the European Union, in respect of the formation of public limited liability companies and the maintenance and alteration of their capital, with a view to making such safeguards equivalent (OJ L 315, 14.11.2012, p. 74).], the issuer shall ensure adequate public disclosure of the following information:

(a) the purpose of the programme as referred to in Article 5(2) of Regulation (EU) No 596/2014;

(b) the maximum pecuniary amount allocated to the programme;

(c) the maximum number of shares to be acquired;

(d) the period for which authorisation for the programme has been given (hereafter: ‘duration of the programme’).