(1) If the percentage of securities held in public hands falls below 10%:
(a) The issuer must, as soon as practicable:
(i) notify its sponsor of that fact; and
(ii) announce that fact.
(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 29 September 201129 September 2011 and 7 October 20157 October 2015.