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FAQ 6.37

Requirements relating to a Share Issuance Scheme

 

​6.37With Rule 6.42(d) of the ACE LR, who can confirm adjustments (other than on a bonus issue) under a Share Issuance Scheme?

 

Pursuant to Rule 6.42(d) of the ACE LR, either the listed corporation’s external auditor, Sponsor or Adviser, may confirm adjustments (other than on a bonus issue) under a Share Issuance Scheme. However, this is subject to the provisions contained in the listed corporation’s bylaws of the Share Issuance Scheme.