Listing Rules and Guidance: Contents


 
 

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13.25A
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(1) In addition and without prejudice to specific requirements contained elsewhere in the Exchange Listing Rules, an issuer must, whenever there is a change in its issued shares as a result of or in connection with any of the events referred to in rule 13.25A(2), submit through HKEx-EPS, or such other means as the Exchange may from time to time prescribe, for publication on the Exchange's website a return in such form and containing such information as the Exchange may from time to time prescribe by not later than 30 minutes before the earlier of the commencement of the morning trading session or any pre-opening session on the business day next following the relevant event.
(2) The events referred to in rule 13.25A(1) are as follows:
(a) any of the following:
(i) placing;
(ii) consideration issue;
(iii) open offer;
(iv) rights issue;
(v) bonus issue;
(vi) scrip dividend;
(vii) repurchase of shares or other securities;
(viii) exercise of an option under the issuer's share option scheme by any of its directors;
(ix) exercise of an option other than under the issuer's share option scheme by any of its directors;
(x) capital reorganisation; or
(xi) change in issued shares not falling within any of the categories referred to in rule 13.25A(2)(a)(i) to (x) or rule 13.25A(2)(b); and
(b) subject to rule 13.25A(3), any of the following:
(i) exercise of an option under a share option scheme other than by a director of the issuer;
(ii) exercise of an option other than under a share option scheme not by a director of the issuer;
(iii) exercise of a warrant;
(iv) conversion of convertible securities; or
(v) redemption of shares or other securities.
(3) The disclosure obligation for an event in rule 13.25A(2)(b) only arises where:
(a) the event, either individually or when aggregated with any other events described in that rule which have occurred since the listed issuer published its last monthly return under rule 13.25B or last return under this rule 13.25A (whichever is the later), results in a change of 5% or more of the listed issuer's issued shares; or
(b) an event in rule 13.25A(2)(a) has occurred and the event in rule 13.25A(2)(b) has not yet been disclosed in either a monthly return published under rule 13.25B or a return published under this rule 13.25A.
(4) For the purposes of rule 13.25A(3), the percentage change in the listed issuer's issued shares is to be calculated by reference to the listed issuer's total number of issued shares as it was immediately before the earliest relevant event which has not been disclosed in a monthly return published under rule 13.25B or a return published under this rule 13.25A.