(1) Where any borrowings or loans of the issuer or any of its subsidiaries contains any provisions which makes reference to the shareholding interest of any controlling shareholder(s), the issuer must obtain an undertaking from such controlling shareholder(s) to notify the issuer, as soon as it becomes aware, of any share pledging arrangements relating to these shares and of any event which may result in a breach of the issuer's loan provisions.
(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.