Examples of HK Listing Rules in a sentence
Upon mutual agreement by the parties and subject to approval by the Company’s shareholders if required by the HK Listing Rules, this Amendment shall be extended for additional three-year terms upon expiration of the then current term.
We are offering “Eligible Employees” (as defined in Question 3 and who are also referred to in this document as “you” or “your”) the opportunity to elect prior to the expiration of the Offer to exchange some or all of their “Eligible Options” (as defined in Question 2) for newly granted Sprint stock options covering a lesser number of Sprint common shares, which we refer to as “New Options.” The Offer is not a one-for-one exchange.
Any amendment made to the Plan must be in accordance with the requirements of the HK Listing Rules or permitted by the Hong Kong Exchange.
Notwithstanding the foregoing, the adoption of any plan or sub-plan must be in accordance with HK Listing Rules.
The Board shall exercise all authority and responsibility with respect to Director Options unless otherwise required by HK Listing Rules.
Pursuant to the new Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "New HK Listing Rules") commencing on or after January 1, 2005, listed companies are required to report on compliance with the Corporate Governance Code in the form of a Corporate Governance Report that is required to be included in each annual report and an update noting any changes to the Corporate Governance Report that is required to be included in each interim report.
The Company expects that the above arrangements will be completed on or prior to the Primary Conversion Effective Date in order for the Company to comply with all the relevant HK Listing Rules applicable to the Company as a dual-primary listed issuer upon the Primary Conversion Effective Date.
Mr. Edmondson has extensive experience in legal and compliance matters but presently may not possess all of the qualifications under Rules 3.28 and 8.17 of the HK Listing Rules, and may not be able to solely fulfill the requirements of the HK Listing Rules.
Note (1) to Rule 17.03(9) of the HK Listing Rules states that the exercise price of an option must be at least the higher of: (i) the closing price of the securities as stated in the HK Stock Exchange’s daily quotations sheet on the date of grant, which must be a business day; and (ii) the average closing price of the securities as stated in the HK Stock Exchange’s daily quotations sheets for the five business days immediately preceding the date of grant.
In the event that the Company failed to comply with the obligations as set out in the HK Listing Rules applicable to a dual-primary listed issuer following the Primary Conversion Effective Date, the Company would be in potential breach of the HK Listing Rules, and would potentially be subject to, depending on the nature and seriousness of the possible breach and the circumstances and the manner in which the conduct is giving rise to such possible breach, disciplinary action by the HK Stock Exchange.