Requirements relating to a rights issue

6.16

What are the corporate exercises which will be processed under SPEEDS?

The following corporate exercise will be processed under SPEEDS:
​(a)

​ ​Specified Bonus Issue1

 

​(b)

Specified Subdivision2

 

​(c)

Specified Consolidation3

 

​(d)

Crediting of shares from capital restructuring involving share cancellation and reduction in the number of shares held by each shareholder of a listed issuer; and

 

​(e)

Crediting of rights entitlement (“Rights).

1A “Specified Bonus Issue” is a bonus issue of securities which –
​(i)is not conditional upon any other corporate proposal, or
​(ii)is conditional upon another corporate proposal but –

(aa)

(bb)

that other corporate proposal is a subdivision or consolidation or shares; or

that other corporate proposal has been completed or become unconditional.

2​ ​A “Specified Subdivision” is a subdivision of shares which –
​(i)is not conditional upon any other corporate proposal, or
​(ii)is conditional upon another corporate proposal but –

​(aa)

(bb)

that other corporate proposal is a bonus issue; or

that other corporate proposal has been completed or become unconditional.

​ 3 A "Specified Consolidation" is a consolidation of shares which –
​(i)​​is not conditional upon any other corporate proposal, or
​(ii)is conditional upon another corporate proposal but -

​(aa)

(bb)

​​that other corporate proposal is a bonus issue; or

that other corporate proposal has been completed or become unconditional.