Continuing listing obligations


Is an issuer required to despatch the notice of expiry of its SW to the holders of the SW?

Pursuant to paragraph 5.36(2) of the Main LR, only an issuer of SW without an automatic exercise feature is required to despatch the physical notice of expiry to the holders of the SW. However, all issuers must prepare and announce a notice of expiry in accordance with paragraph 5.36(1) of the Main LR.