Whole Section

  • Free Float

    • 723

      An issuer must ensure that at least 10% of the total number of issued shares excluding treasury shares (excluding preference shares and convertible equity securities) in a class that is listed is at all times held by the public.

    • 724

      (1) If the percentage of securities held in public hands falls below 10%: —
      (a) The issuer must, as soon as practicable, announce that fact; and
      (b) The Exchange may suspend trading of the class, or all the securities of the issuer.
      (2) The Exchange may allow the issuer a period of 3 months, or such longer period as the Exchange may agree, to raise the percentage of securities in public hands to at least 10%. The issuer may be removed from the Official List if it fails to restore the percentage of securities in public hands to at least 10% after the period.

      Amended on 7 October 20157 October 2015.