the following provisions do not apply:
the following provisions are modified as follows:
LR 11.1.7AR must be read as if the words “after obtaining shareholder approval but” are omitted;
LR 11.1.9G must be read as follows:
LR 11.1.11R(1) must be read as if the words “and the transactions or arrangements have not been approved by shareholders” are replaced by “and LR 11.1.11R(2) as modified by LR 21.10.4R(2)(d) has not been complied with in relation to these transactions or arrangements”; and
LR 11.1.11R(2) must be read as follows:
as if the first sentence is omitted and replaced by the following sentence “If any percentage ratio is 5% or more for the aggregated transactions or arrangements, the listed company must comply with LR 11.1.7R as modified by LR 21.10.4R(1) in respect of the latest transaction or arrangement, and details of each of the transactions or arrangements being aggregated must be included in the notification required by LR 11.1.7R(1).”; and
as if the “Note” is omitted.
1The requirement in LR 8.2.3R to obtain the guidance of a sponsor does not apply where a listed company is proposing to enter into a transaction which is, or may be, a related party transaction and the related party concerned is a sovereign controlling shareholder or an associate of a sovereign controlling shareholder, unless the related party transaction is, or may be, a purchase by the listed company of its own equity securities or preference shares.
1For the purposes of obtaining the shareholder approval required by LR 11.1.7R(3) (and any shareholder approval required under LR 11.1.7AR), a listed company is required under LR 21.8.13R to ensure that the holders of its certificates representing shares are able to exercise the votes attaching to the equity shares which the certificates represent on any shareholder vote.