Listing fees for shares
10.
DEF Berhad is listed on the Main Market in July 2009. Based on the calculation set out in paragraph 2.3 of the Fees and Charges, the annual listing fees of DEF Berhad amounts to RM15,000. However, paragraph 2.3 of the Fees and Charges provides that the minimum annual listing fee payable is RM20,000. As DEF Berhad is only listed in July 2009, how much annual listing fee must DEF Berhad pay for 2009?
DEF Berhad will be required to pay the amount of RM20,000 as the annual listing fee for 2009 as this is the minimum fee payable pursuant to paragraph 2.3 of the Fees and Charges. Notwithstanding that ABC Berhad is only listed in July 2009, the said amount of RM20,000 will not be pro-rated as it is the minimum fee payable by listed issuers.