Computation of percentage ratio
Does a listed issuer need to exclude treasury shares when computing the percentage ratios of a transaction?
A listed issuer must
exclude treasury shares in computing the -
equity share capital
previously in issue under paragraph 10.02(g)(iv); and
market value of all
the ordinary shares of the listed issuer under paragraph 10.02(g)(v),
when determining the percentage ratio of a transaction under Chapter 10 of the Main LR.