Prescribed events which require immediate announcement
9.19
Rule 9.19(37) of the ACE LR requires the listed corporation to make an immediate announcement of any circumstances or development which are likely to materially affect the results or outcome of any prospects, revenue or profit estimate, forecast, projection or internal targets of the listed corporation previously announced or disclosed in a public document. What is the extent of the variation to the results or outcome of the prospects, estimate, forecast, projection or internal targets that would be considered as “material”?
Bursa Securities does not prescribe a threshold where the variation would be considered “material” for purposes of making the requisite announcement under Rule 9.19(37) of the ACE LR. The variation would be considered material if the information of such variation is reasonably expected to have a material effect on –
(a)
the price, value or market activity of any of the listed corporation’s securities; or
(b)
the decision of a holder of securities of the listed corporation or an investor in determining his choice of action.