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UKLR 9.1 Application

Application

UKLR 9.1.1R

1This chapter applies to a company that has a listing of equity shares in the equity shares (commercial companies) category.

UKLR 9.1.2G

1This chapter contains rules applicable to a listed company that:

  1. (1)

    proposes to issue equity securities for cash or sell treasury shares that are equity shares for cash;

  2. (2)

    adopts an employees’ share scheme or long-term incentive scheme;

  3. (3)

    undertakes:

    1. (a)

      a rights issue;

    2. (b)

      an open offer;

    3. (c)

      a vendor consideration placing;

    4. (d)

      a placing;

    5. (e)

      an offer for sale; or

    6. (f)

      an offer for subscription;

  4. (4)

    purchases its own securities from a related party;

  5. (5)

    purchases its own equity shares;

  6. (6)

    purchases its own securities other than equity shares; or

  7. (7)

    sells or transfers treasury shares.

Exceptions

UKLR 9.1.3R

1UKLR 9.5 to UKLR 9.7 do not apply to a transaction entered into:

  1. (1)

    in the ordinary course of business by a securities dealing business; or

  2. (2)

    on behalf of third parties either by the company or any member of its group,

if the listed company has established and maintains effective information barriers between those responsible for any decision relating to the transaction and those in possession of inside information relating to the listed company.