Listing of employee issued shares must be immediate on listed exchanges, subject to compliance and prior in principle approval. Listing of shares issued under employee benefit or sweat equity schemes must occur immediately on all recognised stock exchanges where existing shares are listed, provided the scheme complies with the Regulations, the prescribed statement in Part D of Schedule I is filed and in principle approval from the recognised stock exchange(s) is obtained, and the company notifies the exchange(s) as specified in Part E of Schedule I upon exercise.