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  1. Point in time
    2024-05-19

LR 6.9 Constitutional arrangements

LR 6.9.1RRP

1An applicant must have in place a constitution that allows it to comply with the listing rules, in particular:

  1. (1)

    LR 9.2.21R to vote on matters relevant to premium listing; and

  2. (2)

    for an applicant with a controlling shareholder, LR 9.2.2ER and LR 9.2.2FR concerning the election and re-election of independent directors.

LR 6.9.1AR

2Where the applicant will have specified weighted voting rights shares in issue following admission, the applicant must have in a place a constitution that ensures that:

  1. (1)

    the only shareholders other than premium listed shareholders who may participate in the shareholder votes referred to in LR 9.2.21R(1) are holders of specified weighted voting rights shares in accordance with LR 9.2.22AR; and

  2. (2)

    the voting rights attached to specified weighted voting rights shares may only count towards the shareholder votes referred to in LR 9.2.21R(1) for the period stated in LR 9.2.22AR(3) or, where applicable, LR 9.2.22AR(4).

Pre-emption rights

LR 6.9.2RRP

1If the law of the country of its incorporation does not confer on shareholders rights which are at least equivalent to LR 9.3.11R, an overseas company applying for a premium listing must:

  1. (1)

    ensure its constitution provides for rights which are at least equivalent to the rights provided in LR 9.3.11R (as qualified by LR 9.3.12R); and

  2. (2)

    be satisfied that conferring such rights would not be incompatible with the law of the country of its incorporation.