Recurrent related party transaction of a revenue or trading nature and necessary for its day to day operations ("RRPT")
10.54
Pursuant to paragraph 12 of Annexure PN12-A, a listed issuer must include a statement that at least 2 other contemporaneous transactions with unrelated third parties for similar products/services and/or quantities will be used as comparison, wherever possible, to determine whether the price and terms offered to/by the related parties are fair and reasonable and comparable to those offered to/by other unrelated third parties for the same or substantially similar type of products/services and/or quantities. If a listed issuer can find only one other contemporaneous transaction with an unrelated third party, would it be deemed in compliance with paragraph 12 of Annexure PN12-A?
Yes, but the listed issuer must disclose in its circular that it has used its best endeavours to locate at least 2 contemporaneous transactions with unrelated third parties, but could only locate one.