Provisional Waiver – Rule 806(2) Limit for Pro Rata Renounceable Rights Issue Raised from 50% to 100% until 31 December 2018

24 Mar 2017 SGX Listing Manual Update

Singapore Exchange (SGX) recently issued a news release detailing the grant of a provisional waiver in relation to the limit on the aggregate number of shares and convertible securities that an issuer listed on the Mainboard may issue on a pro rata basis pursuant to a general mandate under Rule 806(2) of the SGX Listing Manual. This move is reminiscent of a similar waiver granted by SGX in February 2009 to facilitate fund-raising efforts during the global financial crisis.

This update discusses the provisional waiver. 

If you have any queries or would like to know more about how these changes may impact you, please contact:

Head – Equity Capital Markets Practice
d +65 6416 8205
Click here to see Gail’s CV.

Annabelle YIP
Joint Head – Corporate Governance & Compliance Practice 
d +65 6416 8249
Click here to see Annabelle’s CV.

Karen YEOH
Partner – Equity Capital Markets Practice
d +65 6416 2482
Click here to see Chung Karen’s CV.

Kevin HO
Partner – Corporate Governance & Compliance Practice
d +65 6416 2555
Click here to see Kevin’s CV.