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.