Delisting thresholds and minimum exit price: amendments require low trading volume and exit price not below regulatory floor. Amendments to Regulation 27 set the delisting trading-volume threshold where traded shares on each recognised exchange in the twelve months before the relevant board meeting are below ten percent of total shares, using a weighted average if share capital varied; they also require the exit price offered to public shareholders to be no less than the floor price determined under the Delisting Regulations read with the price-determination clause of the Substantial Acquisition and Takeovers framework.
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Provisions expressly mentioned in the judgment/order text.
Delisting thresholds and minimum exit price: amendments require low trading volume and exit price not below regulatory floor.
Amendments to Regulation 27 set the delisting trading-volume threshold where traded shares on each recognised exchange in the twelve months before the relevant board meeting are below ten percent of total shares, using a weighted average if share capital varied; they also require the exit price offered to public shareholders to be no less than the floor price determined under the Delisting Regulations read with the price-determination clause of the Substantial Acquisition and Takeovers framework.
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