Versions

 

19B.20

In the event of any amendment to the capital structure of depositary receipts or any amendment to the board lot size-whether because of amendment to the issuer's capital structure of otherwise-the Exchange reserves the right to request that adequate arrangements are made to enable resulting odd lot holders either to dispose of odd lots or round them up to a board lot. It may be appropriate for the issuer, through the depositary, to appoint a broker as its agent to match the sales and purchases of odd lots or for any major depositary receipt holder itself or by its agent to stand in the market to buy or sell odd lot depositary receipts. The particular circumstances of an issuer may dictate the method by which odd lot holders are to be accommodated and issuers and depositaries are urged to consult the Exchange at the earliest opportunity to agree the appropriate trading method.