Listing fees for convertible equity securities
14.
A listed issuer issued warrants in March 2009 which are due to expire in March 2014. Based on the calculation set out in paragraph 5.3 of the Fees and Charges, such listed issuer is required to pay the minimum annual listing fee of RM20,000 in respect of such warrants. Will the minimum annual listing fee of RM20,000 be pro-rated in 2014?
Yes , the minimum annual listing fee of RM20,000 will be pro-rated according to the number of months the warrants are listed in the year of maturity (i.e. from January until March in year 2014).
So, the minimum annual listing fee payable by the listed issuer for year 2014 is –
= RM20,000/12 months x 3 months
= RM5,000