Entire Section

  • Annual cap (20.51)

    • 20.51

      The listed issuer must set an annual cap (the "cap") for the continuing connected transaction. The cap must be:

      (1) expressed in monetary terms;
      (2) determined by reference to previous transactions and figures in the published information of the listed issuer's group. If there were no previous transactions, the cap must be set based on reasonable assumptions; and
      (3) approved by shareholders if the transaction requires shareholders' approval.