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FAQ 6.17

Requirements relating to a rights issue
6.17What are the corporate exercises which will be processed under SPEEDS?
The following corporate exercise will be processed under SPEEDS:
​​(a)Specified Bonus Issue1;
​(b)Specified Subdivision2;
​(c)Specified Consolidation3;
​(d)Crediting of shares from capital restructuring involving share cancellation and reduction in the number of shares held by each shareholder of a listed corporation; and
​(e)Crediting of rights entitlement (“Rights”).
​​1 A "Specified Bonus Issue" is a bonus issue of securities which –
​(i)is not conditional upon any other corporate proposal, or ​ ​
(ii)​is conditional upon another corporate proposal but – 
​(aa)that other corporate proposal is a subdivision or consolidation or shares; or 
​(bb)​that other corporate proposal has been completed or become unconditional.
2 ​​A "Specified Subdivision" is a subdivision of shares which –
​(i)is not conditional upon any other corporate proposal, or ​ ​
​(ii)is conditional upon another corporate proposal but –
​(aa)​that other corporate proposal is a bonus issue; or 
​(bb)​that other corporate proposal has been completed or become unconditional.
3 A "Specified Consolidation" is a consolidation of shares which –
​(i)is not conditional upon any other corporate proposal, or ​ ​
​(ii)is conditional upon another corporate proposal but – ​ ​
​(aa)​that other corporate proposal is a bonus issue; or
​(bb)​that other corporate proposal has been completed or become unconditional.