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LR 12.3 Purchase from a related party

LR 12.3.1RRP

Where a purchase by a listed company of its own equity securities or preference shares is to be made from a related party, whether directly or through intermediaries, LR 11 (Related party transactions) must be complied with unless:

  1. (1)

    a tender offer is made to all holders of the class of securities; or

  2. (2)

    in the case of a market purchase pursuant to a general authority granted by shareholders, it is made without prior understanding, arrangement or agreement between the listed company and any related party.