Stapled Securities


Are both issuers of stapled securities (i.e. the anchor issuer and other stapled issuer) required to issue its annual reports to the Exchange?

Pursuant to paragraph 9.1 of Practice Note 31 only the anchor issuer is required to issue and announce its annual report to the Exchange.  The other stapled issuer is not required to do so.  However, if it does, it must also announce the annual report to the Exchange.