# Companies Act 1985, Paragraph 17

Extent: E+W+S

(1) Where an event of whose occurrence a director is, by virtue of section 324(2)(a), under obligation to notify a company consists of his entering into a contract for the purchase by him of shares or debentures, the obligation is not discharged in the absence of inclusion in the notice of a statement of the price to be paid by him under the contract.
(2) An obligation imposed on a director by section 324(2)(b) is not discharged in the absence of inclusion in the notice of the price to be received by him under the contract.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/13/paragraph/17 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-13/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.