Requirements in relation to bonus issue
What are the circumstances where the listed issuer, or the external auditors/reporting accountants, is required to provide confirmations that the available reserves for capitalization are adequate to cover the entire bonus issue under paragraph 6.30(3)4 of the Main LR and paragraph 1(dA) in Part B, Annexure PN28-B5 of Practice Note 28?
The following table clarifies the obligations of the listed issuer and
the external auditors/reporting accountants in providing the relevant confirmations required for purposes of complying with paragraph 6.30(3) of the
Main LR and paragraph 1(dA) in Part B, Annexure PN28-B of Practice Note 28: