Enhancements to proxy requirements

7.4

Are individual members or authorised nominees of a listed issuer allowed to have unlimited number of proxies pursuant paragraph 7.21 of the Main LR?

No, only an exempt authorised nominee holding omnibus accounts is allowed to appoint unlimited number of proxies pursuant to paragraph 7.21 of the Main LR. The number of proxies which may be appointed by individual members and authorised nominees is not regulated under the Main LR. The listed issuer is free to determine this through its articles of association.