JSE LIMITED - GEN-Public consultation process on proposed amendments to JSE Listings Requirements
JSER 201305270036A
GEN-Public consultation process on proposed amendments to JSE Listings Requirements
GEN – General – Public consultation process on proposed amendments to JSE Listings Requirements
in relation to the general issue for cash authority
An issuer may only undertake a general issue for cash subject to satisfactory compliance with
paragraph 5.52 of the JSE Listings Requirements (the “Requirements”). It is further required
that equity securities which are the subject of a general issue for cash, in the aggregate in
any one financial year, may not exceed 15% of the issuer’s equity securities in issue in a
particular class.
The JSE has recently dealt with various queries in respect of the interpretation and application
of the 15% allocation pursuant to a general issue for cash authority for a financial year.
The JSE wishes to simplify the requirement in order to avoid any further interpretational
issues.
The proposed amendments to the Requirements are available on the JSE’s website (www.jse.co.za –
Route: How to List/Listings Requirements/New Items) and interested parties are invited to submit
their comments by no later than Friday, 28 June 2013. Comments can be submitted electronically
to alwynf@jse.co.za.
27 May 2013
Date: 27/05/2013 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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