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FAQ 10.10

Computation of percentage ratio

 

​10.10Does a listed corporation need to exclude treasury shares when computing the percentage ratios of a transaction?
​A listed corporation must exclude treasury shares in computing the -
​(a)​equity share capital previously in issue under Rule 10.02(g)(iv); and
​ ​
​(b)market value of all the ordinary shares of the listed corporation under Rule 10.02(g)(v),
​ ​
when determining the percentage ratio of a transaction under Chapter 10 of the ACE LR.