Versions

 

18.17B

For substantial shareholders, the statements should show details of the following matters as recorded in the register required to be kept under section 336 of the Securities and Futures Ordinance:

(1) aggregate long position in the shares and (in respect of positions held pursuant to equity derivatives) underlying shares of the issuer showing separately:
(a) interests in shares (other than pursuant to equity derivatives such as share options, warrants to subscribe or convertible bonds); and
(b) interests under equity derivatives showing separately for listed and unlisted equity derivatives, interests in underlying shares of the entity pursuant to:
(i) physically settled equity derivatives; and
(ii) cash settled equity derivatives.

Notes:
(1) The statements should include the percentage which the aggregate long position in shares represents to the issued voting shares of the issuer.
(2) A long position arises where a person is a party to an equity derivative, by virtue of which the person:
(i) has a right to take the underlying shares;
(ii) is under an obligation to take the underlying shares;
(iii) has a right to receive money if the price of the underlying shares increases; or
(iv) has a right to avoid or reduce a loss if the price of the underlying shares increases.
(3) For (b)(i) above, in respect of options granted to substantial shareholders pursuant to share option schemes under Chapter 23 of the GEM Listing Rules, the statements should show such details as are required to be disclosed under Rule 23.07(1) of the GEM Listing Rules.
(2) aggregate short position in shares and (in respect of positions held pursuant to equity derivatives) underlying shares of the issuer showing separately:
(a) short positions in respect of shares arising under a stock borrowing and lending agreement; and
(b) short positions under equity derivatives showing separately for listed and unlisted equity derivatives, interests in underlying shares of the entity pursuant to:
(i) physically settled equity derivatives; and
(ii) cash settled equity derivatives.

Notes:
(1) The statements should include the percentage which the aggregate short position in shares represents to the issued voting shares of the issuer.
(2) A short position arises:
(i) where the person is the borrower of shares under a securities borrowing and lending agreement, or has an obligation to deliver the underlying shares to another person who has lent shares;
(ii) where the person is the holder, writer or issuer of any equity derivatives, by virtue of which the person —
(a) has a right to require another person to take the underlying shares of the equity derivatives;
(b) is under an obligation to deliver the underlying shares of the equity derivatives to another person;
(c) has a right to receive from another person money if the price of the underlying shares declines; or
(d) has a right to avoid a loss if the price of the underlying shares declines.