The HKEX has finalized the amendments to Chapter 17 Listing Rules relating to the Employee Share Schemes of Hong Kong Listed Issuers and the amendments will come into effect on 1 January 2023. Overview of Changes The new Chapter 17 Listing Rules will be extended to govern all share ...
Currently, Chapter 17 of the Listing Rules applies to share option schemes, but not share award schemes. The amendments will extend Chapter 17 of the Listing Rules to govern both share award schemes and share option schemes (together,Share Schemes). W...
a share scheme funded by its treasury H shares is subject to the same requirements as a share scheme funded by new shares under Chapter 17 of the Listing Rules, and a share scheme funded by its treasury shares not listed on HKEX is subject to Rule 17.12 of the Listing Rules....
any resale of treasury shares (whether on or off market) after a share repurchase, with modifications to exclude capitalization issues, share grants under a share scheme that complies with Chapter 17 of the Listing Rules, and any new issue of shares or transfer of treasury shares upon the ...
However, the rules provide a carve-out for (i) capitalization issues, (ii) share grants under a share scheme that complies with Chapter 17 and (iii) any issuance of new shares or transfer of treasury shares upon vesting or exercise of share awards or options under the share scheme. ...
Key Changes to HKEX Chapter 17 Listing Rule and how to comply with the amendments First Name* Last Name* Job Title* Company* Email Address* Business Phone* Region* -- Please Select --AfghanistanAland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntigua and BarbudaArgentinaArmeniaAruba...
The HKEX conducted a public consultation in 2017 in respect of the Review of Growth Enterprise Market (GEM) and Changes to the GEM and Main Board Listing Rules.1Following the consultation, the HKEX removed the previous process whereby GEM issuers could transfer to the Main Board if they meet ...
The key amendments to the HKEX Listing Rules have: amended Chapter 19A by removing: the class meeting and related requirements for issuance of new shares and repurchase of existing shares by PRC issuers; and the requirement for disputes involving H shareholders to be resolved through arbitration; ...
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address of a registered Shareholder or the email address provided by a registered Shareholder is not functional (for instance, if the Company receives a “non-delivery message”), the Company will send the Actionable Corporate Communications in printed form in accordance with the Listing Rules. ...