In addition to the requirements set out in rule 14.66, a circular issued in relation to a disposal constituting a major transaction must contain:—

(1) the intended application of the sale proceeds (including whether such proceeds will be used to invest in any assets) and, if the sale proceeds include securities, whether they are to be listed or not; and
(2) the excess or deficit of the consideration over or under the net book value of the asset(s).