6
WEDNESDAY, SEPTEMBER 14, 1988
IT HAS BEEN FURTHER AGREED THAT THIS GENERAL RULE WILL NOT
APPLY-
(A)
2.
(B)
IN EXCEPTIONAL CIRCUMSTANCES AGREED WITH THE EXCHANGE AND THE COMMISSIONER FOR SECURITIES; OR
ALREADY HAVE
ISSUES OF B B SHARES BY PROVIDED THAT ISSUE REMAINS
IN THE CASE OF THOSE LISTED COMPANIES WHICH B SHARES IN ISSUE, IN RESPECT OF FURTHER SHARES IDENTICAL IN ALL RESPECTS WITH THOSE WAY OF SCRIP DIVIDENDS AND/OR BONUS ISSUES THE TOTAL NUMBER OF B SHARES IN SUBSTANTIALLY IN THE SAME PROPORTION TO THE TOTAL NUMBER OF OTHER VOTING SHARES IN ISSUE AS HITHERTO.
LISTED COMPANIES WHICH ARE NO LONGER SUITABLE FOR LISTING
THE EXCHANGE HAS IDENTIFIED A NUMBER OF LISTED COMPANIES, TRADING IN WHOSE SECURITIES 1.3 CURRENTLY SUSPENDED, WHICH ARE NO LONGER SUITABLE FOR LISTING BECAUSE OF THE SIZE OR NATURE OF THFIR EXISTING BUSINESSES AND/OR BECAUSE AN INSUFFICIENT NUMBER OF THE IR SECURITIES ARE IN THE HANDS OF THE PUBLIC. THE NAMES OF THESE COMPANIES ARE LISTED BELOW. THESE COMPANIES HAVE BEEN NOTIFIED BY THE EXCHANGE THAT, SUBJECT TO THE CONSENT OF THE COMMISSIONER FOR SECURITIES, THE LISTING OF THEIR SECURITIES ON THE EXCHANGE Wilt. BR CANCELLED UNLESS THEY HAVE, WITHIN SIX MONTHS FROM THE DATE OF THIS ANNOUNCEMENT, A BUSINESS WHICH IS ABLE ΤΟ SATISFY THE FYCHANGE'S NORMAL REQUIREMENTS FOR LISTING OR BAVE FINALISED PROPOSALS IN WRITING WHICH ARE ACCEPTABLE TO THE EXCHANGE AND THE COMMISSIONER FOR SECURITIES TO ACQUIRE SUCH A BUSINESS AND/OR HAVE ADEQUATELY INCREASED THE NUMBER OF THEIR SECURITIES IN THE HANDS OF THE PUBLIC, AS APPROPRIATE.
THE DIRECTORS AND SUBSTANTIAL SHAREHOLDERS OF THESE COMPANIES HAVE ALSO BEEN NOTIFIED THAT ANY SUCH PROPOSALS MUST BE MADE BY THE EXISTING SHAREHOLDERS OF THE COMPANY, FAILING WHICH THE CONTROLLING SHAREHOLDERS HAVE BEEN REQUESTED TO F PRIVATISE' THE COMPANY BY MAKING A CASH OFFER TO THE MINORITIES RATHER THAN INCUR A CANCELLATION OF THE LISTING.
THERE
ANY APPLICATION TO RESUME TRADING IN THE SECURITIES COMPANIES WILL BE TREATED AS A NEW APPLICATION FOR ALL. PURPOSES AND THEY WILL BE REQUIRED (INTER ALIA) TO ISSUE A FULL PROSPECTUS. PAY THE INITIAL LISTING FEE AND EXECUTE A NEW LISTING AGREEMENT.
IN FUTURE WHERE THE EXCHANGE IDENTIFIES THAT A LISTFO 19 NO LONGER SUITABLE FOR LISTING IT WILL SUSPEND TRADING SECURITIES OF THAT COMPANY AND THE ABOVE PROVISIONS WILL RE
COMPANY
IN THE APPLIED,
AS APPROPRIATE.
13. CASH COMPANIE.