Entire Section

  • When a proposed transaction becomes connected (20.62-20.63)

    • 20.62

      If a connected transaction is also a notifiable transaction, the listed issuer must also comply with the requirements in Chapter 19.

    • 20.63

      If a listed issuer has entered into an agreement for a proposed transaction which is conditional on shareholders' approval in general meeting and the proposed transaction becomes a connected transaction before the shareholders' approval, the listed issuer must comply with the connected transaction requirements. Where a notice of meeting to approve the proposed transaction has been sent to shareholders, the listed issuer must issue a further announcement and a supplementary circular (see rule 20.46) to disclose that the transaction has become a connected transaction and the parties that are required to abstain from voting. The circular must also contain information required for a connected transaction circular.