MKT 3.3.4

The Board of a Reporting Entity must ensure that a Reporting Entity does not purchase its own Shares unless:

(a) the purchase does not materially prejudice the Reporting Entity's ability to pay its creditors;
(b) it has obtained prior approval of shareholders in meeting by:
(i) a Special Resolution in the case of a SME that has had its Shares admitted to the List for less than 24 months; and
(ii) an Ordinary Resolution in any other case; and
(c) prior to the meeting seeking the consent referred to in (b), the notice of the meeting and any accompanying documents relating to the purchase is filed with the DFSA.
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
[Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]
[Amended] DFSA RMI273/2020 (Made 26th February 2020). [VER16/04-20]