Note to subscribers for the amendments to
the rules governing the listing of securities (the "Listing Rules")
Update No. 102
20 May 2011
Dear Sirs,
Ex-entitlement Trading and Shareholder Approval
We enclose reprinted pages of the Listing Rules and the filing instructions. The reprinted pages incorporate amendments to implement proposals in the Consultation Conclusions on Ex-entitlement Trading and Shareholder Approval published on 20 May 2011.
We have amended the Listing Rules to:-
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Prevent a share from trading ex-entitlement before shareholder approval; |
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Require the record date to be set at least 3 business days after the date of shareholder approval (i.e. at least one cum-trading day will be provided); |
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Require a minimum of one last cum-trading day after the general meeting; and |
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Apply the proposed changes to all conditional entitlements that are subject to general meeting approval. |
Coming into effect
The amendments will come into effect on 20 June 2011.
Please click HERE to see the amendments to the Main Board Listing Rules relating to Ex-entitlement Trading and Shareholder Approval.
Yours faithfully,
For and on behalf of
The Stock Exchange of Hong Kong Limited
Mark Dickens JP
Head of Listing