Entire Section

  • Convertible Debt Securities

    • 37.17

      This section sets out additional requirements that apply if debt securities are convertible.

    • 37.18

      If debt securities are convertible they must be convertible into:
       
      (a)    shares listed or to be listed on the Exchange or another stock exchange; or
       
      (b)    depositary receipts listed or to be listed on the Exchange or another stock exchange; or
       
      (c)    other assets that the Exchange has agreed in writing are acceptable.

    • 37.19

      If debt securities are convertible into shares that have not yet been issued:
       
      (a)    the issuance of the shares must have been validly authorised; and
       
      (b)    the listing of the shares must have been validly authorised.

    • 37.20

      If debt securities are convertible into shares (or into depositary receipts) the terms of the issue must provide for appropriate adjustments to the conversion terms if there is a change in the capital of the issuer of those shares or a change in the capital of the issuer whose shares underlie the depositary receipts.

    • 37.21

      The Exchange treats debt securities with non-detachable warrants to subscribe for equity securities or other assets as convertible securities.