Examples of Share Issuance Scheme in a sentence
In this instance, PLC A will adhere to the procedures under paragraph 4.0 for the listing and quotation of the new ordinary shares issued pursuant to the Share Issuance Scheme as it involves the same class of securities.
Examples where paragraph 4.0 is applicable Example 1 PLC A proposes to issue additional new ordinary shares pursuant to the exercise of Share Issuance Scheme where the new ordinary shares arising from the Share Issuance Scheme will be listed and quoted as the existing listed ordinary shares.
Generally, any Share Issuance Scheme implemented by a subsidiary of a listed corporation is no longer subjected to the approval of the listed corporation’s shareholders under Rule 6.45 of the ACE LR.
No, Applicant A need not terminate its existing Share Issuance Scheme before listing.
However, this is subject to the provisions contained in the listed corporation’s bylaws of the Share Issuance Scheme.
Subparagraph (1) does not apply to an applicant that is implementing a Share Issuance Scheme as part of its listing proposal.
Subject to the provisions set out in sub-Rules (2) and (3) below and Rule 6.45, the board of directors of the listed corporation may determine the eligibility and allocation criteria under a Share Issuance Scheme.
A listed corporation must include the provisions set out in Appendix 6E in the bylaws of a Share Issuance Scheme.
A listed corporation must ensure that a Share Issuance Scheme is for a duration of not more than 10 years.
Yes, a listed corporation may establish more than 1 Share Issuance Scheme provided that the aggregate number of shares available under all the Share Issuance Schemes does not exceed 30% of its total number of issued shares (excluding treasury shares).