Entire Section

  • Formal notice on issue

    • 16.07

      In the following cases, a formal notice stating the information set out in rule 16.09 must be published on the Exchange’s website on the date of issue of the listing document:—

      (1) an offer for subscription or an offer for sale;
      (2) a placing by or on behalf of a new applicant where 20% or more of the amount placed is made available directly to the general public; or
      (3) a placing by or on behalf of a listed issuer of securities of a class new to listing where 20% or more of the amount placed is made available directly to the general public.

    • 16.08

      In the following cases, a formal notice stating the information set out in rule 16.09 must be published on the Exchange’s website, not less than 2 clear business days before dealings commence:—

      (1) a placing by or on behalf of a new applicant which does not fall within rule 16.07(2);
      (2) a placing by or on behalf of a listed issuer of securities of a class new to listing which does not fall within rule 16.07(3);
      (3) an introduction by or on behalf of a new applicant of any class of securities;
      (4) an introduction by or on behalf of a listed issuer of securities of a class new to listing; or
      (5) an issue by a listed issuer of securities of a class new to listing which does not fall within any of rule 16.07 or sub-paragraphs (1) to (4) above.

    • 16.09

      A formal notice required for publication on the Exchange’s website in accordance with rules 16.07 or 16.08 must state at least the following:—
       
      (1)  the name and country of incorporation or other establishment of the issuer;
       
      (2)  the amount and title of the securities for which listing is sought;
       
      (3)  the websites at which the listing document, if any, is published;
       
        Note:    Where the issuer intends to rely on the Class Exemption Notice to make a Mixed Media Offer referred to in rule 16.04D, rule 16.04D(2) replaces this sub-rule.
       
      (4)  the date of publication of the notice;
       
      (5)  in the case of a placing, the names of all syndicate CMIs and, if applicable, any other syndicate member(s);
       
      (6)  a statement that application has been made to the Exchange for listing of and permission to deal in the securities;
       
      (7)  a statement that the formal notice appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities;
       
      (8)  in the cases set out in rule 16.07 a statement that applications will only be considered on the basis of the listing document;
       
      (9)  the date upon which dealings in the securities are expected to commence; and
       
      (10)  the name and address of the Sponsor (if applicable).
       

    • 16.10

      Model forms of formal notices for offers for subscription or sale, placings and introductions are set out in Appendix 10 for the guidance of issuers. Issuers are reminded that where a prospectus has been registered with the Registrar of Companies pursuant to the Companies (Winding Up and Miscellaneous Provisions) Ordinance, every formal notice must comply with Section 38B of that Ordinance.
       
      Note: A new applicant must not publish formal notices in accordance with rules 16.07, 16.08 and 16.10 until the Exchange has reviewed them.

    • 16.11 [Repealed]

      [Repealed 5 July 2021]

    • 16.12 [Repealed]

      [Repealed 5 July 2021]