Computation of Listing Fees
3.
ABC Berhad has an existing issued and paid-up capital of RM100,000,000 comprising of 100,000,000 shares of RM1.00 each. ABC Berhad is to be listed on the Main Market of Bursa Securities on 1 March 2010 with an initial public offering of 150,000,000 ordinary shares of RM1.00 each. The issue price of the said shares has been fixed at RM3.00 per share.
(b)
If ABC Berhad is listed on 1 March 2010, what is the annual listing fee payable by the company in respect of year 2010?
Pursuant to paragraphs 1.1(c) and 2.3 of the Fees and Charges, the annual listing fee payable by ABC Berhad for year 2010 is as follows:
=0.0025% x ([RM3.00 x (100,000,000 + 150,000,000)] = RM18,750.
Taking into account that ABC Berhad is listed in March, the annual listing fee will be pro-rated to RM15,625. However, the minimum annual listing fee under paragraph 2.3 of the Fees and Charges is RM20,000. As such, for 2010, the annual listing fee payable by ABC Berhad is RM20,000.