Delisting public announcement requirements require disclosure of pricing, timetable, escrow, shareholding and board compliance statements for shareholders. The schedule mandates that a delisting public announcement disclose the floor and offer price with methodology, offer opening and closing dates, the ... Summary
Delisting public announcement requirements require disclosure of pricing, timetable, escrow, shareholding and board compliance statements for shareholders.
The schedule mandates that a delisting public announcement disclose the floor and offer price with methodology, offer opening and closing dates, the exchange, acceptance procedure, minimum acceptance condition, merchant banker and intermediary details with helpline, specified date, object of delisting, timetable to payment or return, escrow account details and deposit, market price and volume data, present and likely post-delisting shareholding patterns, aggregate promoter holdings, board-certified statements on use of proceeds, continuous disclosure compliance, securities-law compliance, and required signatures.
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