(1) Where any borrowings or loans of the issuer or any of its subsidiaries contains any specified condition (as defined in Rule 704(31)), the issuer must obtain an undertaking from such controlling shareholder or controlling unitholder, REIT manager or trustee-manager, as the case may be, to notify the issuer, as soon as it becomes aware, of any share pledging arrangements relating to these shares or these units, as the case may be, and of any event which will be an event of default, an enforcement event or an event that would cause acceleration of the repayment of the principal amount of the loan or debt securities.
(2) Upon notification by the controlling shareholder(s), the issuer must immediately announce the following information:—
(a) The name of the shareholder;
(b) The class and number of shares and the percentage of the issuer's voting rights that is the subject of the security interest;
(c) The party or parties in whose favour the security interest is created or financial instrument given; and
(d) All other material details which are necessary for the understanding of the arrangements.
Amended on 29 September 201129 September 2011, 31 March 201731 March 2017, 26 June 201826 June 2018 and 7 February 20207 February 2020.