Prescribed events which require immediate announcement
9.12
If a listed corporation’s shareholders requisition for the removal of a director or auditor of the listed corporation, is the listed corporation required to disclose the reasons for removal pursuant to the shareholders’ requisition, under Rules 9.19(12)(b) or 9.19(15) of the ACE LR respectively?
The listed corporation is expected to use its best endeavours to obtain the reasons for such removal from the shareholders making the requisition, and subsequently announce the reasons under Rules 9.19(12)(b) or 9.19(15) of the ACE LR, as the case may be.