3.
CASH COMPANIES
WEDNESDAY, SEPTEMBER 14, 1988
IN FUTURE A LISTED COMPANY (OTHER THAN AN INVESTMENT COMPANY) WHOSE ASSETS CONSIST WHOLLY OR SUBSTANTIALLY OF CASH OR SHORT DATED SECURITIES, AND WHICH THUS CEASES TO HAVE A BUSINES9 SUITABLE FOR LISTING, WILL NORMALLY HAVE ITS LISTING SUSPENDED. THE SUSPENSION WILL USUALLY REMAIN IN FORCE UNTIL SUCH TIME AB THE COMPANY HAS A BUSINESS WHICH IS SUITABLE FOR LISTING. ANY APPLICATION TO RESUME TRADING IN THE SECURITIES OF THE COMPANY WILL BE TREATED AS A NEW APPLICATION FOR ALL PURPOSES AND IT WILL BE REQUIRED (INTER ALIA) то ISSUE A FULL PROSPECTUS, PAY THE INITIAL LISTING FRE AND EXECUTE A NEW LISTING AGREEMENT, ANY SUCH PROPOSALS MUST NORMALLY COME FROM DIRECTORS AND/OR SHAREHOLDERS AS AT THE TIME OF THE SUSPENSION. THE EXCHANGE RESERVES THE RIGHT TO CANCEL THE LISTING OF THE COMPANY IF SUCH SUSPENSION CONTINUES FOR MORE THAN SIX MONTHS OR IN ANY OTHER CASE IF IT CONSIDERS IT NECESSARY.
4. THE QUEUE
THE
THE PRESENT QUEUING SYSTEM FOR NEW APPLICANTS FOR LISTING HAS BEEN REVIEWED AND IS NOW AMENDED IN ONE RESPECT.
ALL CURRENT RESERVATIONS OF DATES WILL REMAIN VALID IF DESIRED BY THE APPLICANTS. HOWEVER, THESE APPLICANTS ARE NO LONGER GUARANTEED THAT THEIR NEW ISSUE WILL NOT NOW COINCIDE, EITHER IN WHOLE OR IN PART, WITH
(1)
A FRESH APPLICANT'S NEW ISSUE; AND/OR
(II) THE NEW 198UE OF AN APPLICANT WHOSE EXISTING RESERVED
TIMETABLE HAS BEEN ACCELERATED OR DELAYED.
IN THE CASE OF (I) ABOVE THE CURRENT LIMITATIONS ON RESOURCES WITHIN THE LISTING DIVISION OF THE EXCHANGE, THE OFFICE OF THE COMMISSIONER AND THE COMMERCIAL DIVISION OF THE REGISTRAR-GENERAL'S DEPARTMENT MEAN THAT CONSIDERATION OF ANY FRESH APPLICATIONS BETWEEN NOW AND MARCH 31. 1989 WILL ONLY BE POSSIBLE IN EXCEPTIONAL CIRCUMSTANCES, FOR EXAMPLE, WHERE AN EXISTING APPLICANT CANCELS OR SIGNIFICANTLY ACCELERATES OR DELAYS ITS EXISTING TIMETABLE.
THE OPERATION OF THE QUEUING 9YSTEM AS AMENDED WILL BI REVIEWED AGAIN BY THE EXCHANGE IN CONJUNCTION WITH THE COMMISSION AND THE SECRETARY FOR MONETARY AFFAIRS BEFORE THE END OF MARCH 1989.
THE EXCHANGE WITH THE APPROVAL OF THE SECURITIES COMMISSION WILL AMEND THE EXCHANGE'S LISTING RULES, A9 APPROPRIATE, TO GIVE EFFECT TO THESE AGREED POLICIES,
/LISTED COMPANIES