​​[ As at 1 April 2015 ]​

 

BURSA MALAYSIA SECURITIES BERHAD

PRACTICE NOTE 27
LISTING PROCEDURES FOR STRUCTURED WARRANTS

 

DetailsCross References
Effective date:8 May 2009Paragraphs 5.09 and 5.30
Revision date:

3 August 2009, 
 31 May 2010,
 27 January 2015, 1 April 2015 

 

​​1.0Introduction
​​​​​​1.1This Practice Note sets out the following requirements in relation to an application for listing of structured warrants under paragraph 5.09 (PART I) and Further Issue under paragraph 5.30 of the Listing Requirements (PART II):
(a)the procedures for listing of structured warrants and Further Issue;
(b)the listing application form and supporting documents; and
(c)other relevant requirements.
PART ILISTING OF STRUCTURED WARRANTS
2.0 Procedures relating to listing of a single issue of structured warrants
2.1 The following procedures apply to the listing of a single issue of structured warrants, with the necessary modifications, as may be applicable:
(a)issuer submits concurrently – FAQ 5.1FAQ 5.6
(i)a registrable prospectus to the SC; and
(ii)an application for the listing and quotation of structured warrant to the Exchange together with the supporting documents;
(b)SC registers the prospectus;
(c)Exchange grants approval for the listing and quotation of the structured warrants;
(d)issuer files the final copy of prospectus with the relevant authorities;
(e)issuer -
(i)issues the prospectus and the offer period opens;
(ii)advertises the prospectus;
(iii)provides the Exchange with such number of copies of the printed prospectus as may be determined by the Exchange from time to time; and
(iv)announces the information prescribed in accordance with paragraph 6.1 below to the Exchange;
(f)issuer issues the structured warrants and notices of allotment;
(g)issuer announces the information prescribed in accordance with paragraph 6.2 below to the Exchange; and FAQ 5.5
(h)structured warrants are admitted to the Official List and quoted on the Exchange.
3.0Procedures relating to listing of a multiple issuance of structured warrants
3.1The following procedures apply to the listing of a multiple issuance of structured warrants, with the necessary modifications, as may be applicable: FAQ 5.11, FAQ 5.12
(a)issuer submits a registrable base prospectus to the SC; FAQ 5.1
(b)SC registers the base prospectus.
(c)issuer files the final copy of the base prospectus, with the relevant authorities;
(d)issuer -
(i)issues the base prospectus;
(ii)advertises the base prospectus, if applicable; and
(iii)provides the Exchange with such number of copies of the printed base prospectus as may be determined by the Exchange from time to time;
(e)issuer submits an application for the listing and quotation of structured warrants to the Exchange together with supporting documents;
(f)Exchange grants approval for the listing and quotation of the structured warrants;
(g)issuer submits a registrable term sheet to the SC;
(h)SC registers the term sheet;
(i)issuer files the final copy of the term sheet with the relevant authorities;
(j)issuer -
(i)issues the term sheet and the offer period opens (where applicable);
(ii)advertises the term sheet;
(iii)provides the Exchange with such number of copies of the printed term sheet as may be determined by the Exchange from time to time; and
(iv)announces the information prescribed in accordance with paragraph 6.1 below to the Exchange.
(k)issuer issues the structured warrants and notices of allotment, where applicable; and
(l)issuer announces the information prescribed in accordance with paragraph 6.2 below to the Exchange. FAQ 5.5
4.0 Listing application form and supporting documents
4.1An issuer must file with the exchange a listing application which consists of the following:
(a)the application, in the form of Part A of Annexure PN27-A.pdf;
(b)the supporting documents specified in  Part B of Annexure PN27-A.pdf; and FAQ 5.11
(c)such other documents as may be specified by the Exchange.
5.0Undertakings and confirmation
5.1An issuer must give the Exchange an undertaking in the form of Annexure PN27-C.pdf. FAQ 5.10, FAQ 5.11
5.2 An issuer must ensure that every director of the issuer gives the Exchange an undertaking in the form of Annexure PN27-D.pdf. FAQ 5.10, FAQ 5.11, FAQ 5.12
6.0Announcements to the Exchange
6.1Upon the issuance of the prospectus/term sheets, an issuer must announce the following information to the Exchange. The issuer must attach a copy of the final terms of the structured warrants with the announcement:
(a)the opening and closing date of the offer period, if applicable;
(b)the balloting date, if applicable;
(c)the allotment date of the structured warrants (if applicable); and
(d)the tentative listing date.
6.2Upon receipt of confirmation from the Depository that the structured warrants are ready to be credited into the respective securities accounts, an issuer must immediately announce the following information to the Exchange: FAQ 5.7, FAQ 5.8, FAQ 5.9
(a)actual date of listing;
(b)issue size;
(c)stock short name, stock code, ISIN code;
(d)sector and board under which the securities will be listed;
(e)terms of the structured warrants; and
(f)such other information as may be prescribed by the Exchange from time to time by way of an electronic template provided by the Exchange.
6.3The issuer must immediately announce any subsequent amendments (including any amendments to the profile of the structured warrants arising from adjustments) after the initial announcement in paragraphs 6.1 and 6.2 above.
PART II ​ ​FURTHER ISSUE
7.0Procedures relating to Further issue
7.1 The following procedures apply to the listing of a Further Issue, with the necessary modifications, as may be applicable:
(a)issuer announces the following information to the Exchange as regards its proposal to make a Further Issue: FAQ 5.7, FAQ 5.8, FAQ 5.9
(i) the number of units to be issued;
(ii)a statement that the Further Issue forms a single series with the Existing Issue;
(iii)the tentative listing date; and
(iv)the approvals required for the Further Issue;
(b)issuer submits an application for the listing and quotation of the Further Issue to the Exchange together with the relevant supporting documents;
(c)Exchange grants approval for the listing and quotation of additional structured warrants;
(d) issuer submits a registrable term sheet (for Further Issue) to the SC;
(e)SC registers the term sheet.
(f)issuer files the final copy of the term sheet with the relevant authorities, if applicable;
(g) issuer -
(i)issues the term sheet, if applicable; and
(ii)provides the Exchange with such number of copies of the printed term sheet as may be determined by the Exchange from time to time, if applicable;
(h)issuer issues the structured warrants;
(i)upon receipt of confirmation from the Depository that the additional structured warrants are ready to be credited into the respective securities accounts, the issuer immediately announces the same to the Exchange. The issuer must include the following information in the announcement:
(i)the actual date of listing;
(ii)the number of units to be issued pursuant to the Further Issue;
(iii)the enlarged number of the structured warrants; and
(iv)such other information as may be prescribed by the Exchange from time to time by way of an electronic template provided by the Exchange; and
(j)additional structured warrants are admitted to the Official List and quoted on the Exchange.
8.0Listing application form and supporting documents for Further Issue
8.1An issuer must file with the exchange a listing application which consists of the following:
(a)the application for a Further Issue, in the form of Part A of Annexure PN27-B.pdf;
(b)the supporting documents specified in Part B of Annexure PN27-B.pdf; and
(c)

such other documents as may be specified by the Exchange.

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Annexure PN27-A.pdf

Annexure PN27-B.pdf

Annexure PN27-C.pdf

Annexure PN27-D.pdf