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LR 10.3 Class 3 requirements

Notification of acquisitions involving the issue of securities

LR 10.3.1R
  1. (1)

    If:

    1. (a)

      a listed company agrees the terms of a class 3 transaction that involves an acquisition; and

    2. (b)

      the consideration for the acquisition includes the issue of securities for which listing will be sought;

    the company must notify a RIS as soon as possible after the terms of the acquisition are agreed.

  2. (2)

    The notification must include:

    1. (a)

      the amount of the securities being issued;

    2. (b)

      details of the transaction, including the name of the other party to the transaction; and

    3. (c)

      either the value of the consideration, and how this is being satisfied, or the value of the gross assets acquired, whichever is the greater.

Notification of other class 3 transactions

LR 10.3.2R
  1. (1)

    If:

    1. (a)

      a listed company agrees the terms of a class 3 transaction of a type other than that referred to in LR 10.3.1 R; and

    2. (b)

      it releases any details to the public;

    it must also notify those details to a RIS by no later than the release of details to the public referred to in paragraph (b).

  2. (2)

    The notification must include:

    1. (a)

      details of the transaction, including the name of the other party to the transaction; and

    2. (b)

      either the value of the consideration, and how this is being satisfied, or the value of the gross assets acquired or disposed of.