LR 10.3 Class 3 requirements
Notification of acquisitions involving the issue of securities
- (1)
If:
- (a)
a listed company agrees the terms of a class 3 transaction that involves an acquisition; and
- (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.
- (a)
- (2)
The notification must include:
- (a)
the amount of the securities being issued;
- (b)
details of the transaction, including the name of the other party to the transaction; and
- (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.
- (a)
Notification of other class 3 transactions
- (1)
If:
- (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
- (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).
- (a)
- (2)
The notification must include: