Electronic payment of cash distributions
8.52
What should a listed corporation do if its securities holders have not provided their bank account information to the Depository?
A listed corporation must take all reasonable and appropriate steps to engage and communicate with its securities holders on the availability and benefits of the electronic payment of cash distributions, for example, in the various channels or means set out in the directive dated 19 February 2010 (Ref. No. SR/TAC/ro/LD08/10) ("Directive"), and encourage its securities holders to provide their bank account information to the Depository. If, after taking such steps, the securities holders still do not provide their bank account information to the Depository, the listed corporation may continue to pay cash distributions to these securities holders in the existing manner as authorized under the listed corporation's constituent documents or issuing documents such as the articles of association, trust deed or terms of issuance.