ENTITIES WITH SPECIFIED SECURITIES LISTED ON RECOGNISED STOCK EXCHANGES AS A PRIMARY LISTINGInternational Financial Services Centres Authority (Listing) Regulations, 2024
ENTITIES WITH SPECIFIED SECURITIES LISTED ON RECOGNISED STOCK EXCHANGES AS A PRIMARY LISTINGInternational Financial Services Centres Authority (Listing) Regulations, 2024
Offer-for-sale holding requirements permit defined merger and bonus-share exceptions while requiring pre-filing conversion and disclosure. Offer-for-sale eligibility requires existing holders to have held specified securities for at least one year before filing the draft offer document. ... Summary
Offer-for-sale holding requirements permit defined merger and bonus-share exceptions while requiring pre-filing conversion and disclosure.
Offer-for-sale eligibility requires existing holders to have held specified securities for at least one year before filing the draft offer document. Holding periods of convertible securities or depository receipts and resulting equity shares are aggregated where converted shares are offered, subject to completed conversion and disclosure. Exceptions apply to qualifying merger or amalgamation shares and bonus shares issued from permitted free reserves and share premium, excluding revaluation reserves and unrealized profits.
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