(1) If an application is made for the admission of a class of
Shares, a sufficient number of Shares of that class must, no later than the time of admission, be distributed to the public.
(2) For the purposes of Rule (1), a sufficient number of
Shares will be taken to have been distributed to the public when 25 per cent of the Shares for which application for admission has been made are in public hands.
(3) For the purposes of Rules (1) and (2),
Shares are not held in public hands if they are held, directly or indirectly by:
Director of the Applicant or of any of its Subsidiary Undertakings;
Person connected with a Director of the Applicant or any of its Subsidiary Undertakings;
(c) the trustees of an employee share scheme or pension fund established for the benefit of any
Directors or employees of the Applicant and its Subsidiary Undertakings;
Person who under any agreement has a right to nominate a Person to the board of Directors of the Applicant; or
Person or Persons in the same group or Persons acting in concert who have an interest in 5% or more of the Shares of the relevant class.
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]