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In-principle listing approval required before issuing further shares to prevent unlisted deliveries and ensure depository notification. Companies issuing further shares must obtain in-principle approval for listing from the relevant stock exchange before issuing those shares. Stock exchanges must amend the Listing Agreement to require this, notify depositories immediately upon granting in-principle approval (uploading electronically where connected), and regional exchanges must confirm listing on all exchanges applied to. The instruction is effective immediately.
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Provisions expressly mentioned in the judgment/order text.
In-principle listing approval required before issuing further shares to prevent unlisted deliveries and ensure depository notification.
Companies issuing further shares must obtain in-principle approval for listing from the relevant stock exchange before issuing those shares. Stock exchanges must amend the Listing Agreement to require this, notify depositories immediately upon granting in-principle approval (uploading electronically where connected), and regional exchanges must confirm listing on all exchanges applied to. The instruction is effective immediately.
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