Entire Section

  • Information to accompany directors' report and annual accounts (31.48-31.60)

    • 31.48

      The listed issuer shall include the information set out in rules 31.51 to 31.60 in its director's report and annual accounts and the disclosures required under the relevant accounting standards.

      Note: The annual report and accounts must contain, at a prominent position, and in bold type, a statement about the characteristics of GEM, in the form set out in rule 2.20.

    • 31.49 [Repealed]

      [Repealed 1 April 2015]

    • 31.50 [Repealed]

      [Repealed 1 April 2015]

    • 31.51

      A statement showing:—

      (1) the name of every subsidiary, its principal country of operation, its country of incorporation or other establishment and the kind of legal entity it is registered as (for the purpose of relevant jurisdiction); and
      (2) particulars of the issued share capital and debt securities of every subsidiary; and
      (3) the nature of the business of every subsidiary.
      provided that if, in the opinion of the directors of the listed issuer, the number of them is such that compliance with this rule would result in particulars of excessive length being given, compliance with this rule shall not be required except in the case of subsidiaries carrying on a business the results of the carrying on of which, in the opinion of the directors, materially affected the amount of the profit or loss of the group or the amount of the assets of the group.

    • 31.52

      Details of the classes and numbers of any convertible debt securities, options, warrants or similar rights issued or granted by the listed issuer or any of its subsidiaries during the financial year, together with the consideration received by the listed issuer or any of its subsidiaries therefor.

    • 31.53

      Particulars of any exercise made during the financial year of any conversion or subscription rights under any convertible debt securities, options, warrants or similar rights issued or granted at any time by the listed issuer or any of its subsidiaries.

    • 31.54

      Particulars of any redemption or purchase or cancellation by the listed issuer or any of its subsidiaries of its redeemable debt securities and the amount of such debt securities outstanding after any such redemption or purchase or cancellation has been made. Any such statement must distinguish between those listed securities which are purchased by the issuer (and, therefore, cancelled) and those which are purchased by a subsidiary of the issuer.

    • 31.55

      In the event of trading results shown by the accounts for the period under review differing materially from any published forecast made by the listed issuer, an explanation for the difference.

    • 31.56

      A statement as to the reasons for any significant departure from the accounting standards adopted for the preparation of the issuer's annual financial statements.

    • 31.57

      Except where the listed issuer is a banking company, a statement as at the end of the financial year showing as regards, firstly, bank loans and overdrafts and, secondly, other borrowings of the group, the aggregate amounts repayable:—

      (1) on demand or within a period not exceeding 1 year;
      (2) within a period of more than 1 year but not exceeding 2 years:
      (3) within a period of more than 2 years but not exceeding 5 years; and
      (4) within a period of more than 5 years.

    • 31.58 [Repealed]

      [Repealed 1 April 2015]

    • 31.59 [Repealed]

      [Repealed 1 April 2015]

    • 31.60

      If the relevant annual accounts do not give a true and fair view of the state of affairs and profit or loss and cash flow of the listed issuer or group, more detailed and/or additional information must be provided.

      Note: If listed issuers are in doubt as to what more detailed and/or additional information should be provided, they should apply to the Exchange for guidance.