[ As at 27 January 2015 ]

 

Contents of trust deed/deed poll in respect of structured warrants

(paragraph 5.18)

(1)​Within 7 market days from the relevant date –
(a)​where settlement of the structured warrants is by delivery of the underlying shares, an issuer must -
(i)​cause the securities to be credited into the securities accounts of the structured warrants holders; and
(ii)​despatch notices of allotment to the structured warrants holders; and
(b)​where settlement of the structured warrants is in cash, an issuer shall make the payment to the structured warrants holders.
​ ​
​The "relevant date" means, as may be applicable –
​(a)the date a notice of exercise is received by the issuer together with the requisite payment (if any);
​(b)​the expiry date of the structured warrants;
​(c)in the case of a callable bull/bear certificate, the date of de-listing or the expiry date of the certificate, whichever is the earlier; or
​(d)such other date as may be prescribed by the Exchange.
​ ​
​(2)If a books closing date has been declared by the underlying corporation and trading of the underlying shares is on a “cum-entitlement” basis, the underlying shares to be delivered by the issuer to the warrant holder upon the exercise of the structured warrants shall also be on a “cum-entitlement basis”.
​(3)Any suspension in the trading of the underlying shares will not preclude the warrant holder from exercising his rights.

[ End of Appendix ]

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