Computation of percentage ratio

10.10

Does a listed issuer need to exclude treasury shares when computing the percentage ratios of a transaction?

A listed issuer must exclude treasury shares in computing the -

​(a)

equity share capital previously in issue under paragraph 10.02(g)(iv); and

(b)

market value of all the ordinary shares of the listed issuer under paragraph 10.02(g)(v),

​when determining the percentage ratio of a transaction under Chapter 10 of the Main LR.