Singapore Exchange Regulation (SGX RegCo) has extended the availability of the Enhanced Share Issue Limit for Mainboard issuers to seek or renew the Limit by Dec 31.
In a previous announcement dated April 8, 2020, SGX RegCo said that the Limit will expire on Dec 31.
SEE:SGX named Regulation Asia's exchange of the year for 3rd year running
The Limit allows Mainboard issuers to seek a general mandate for an issue of pro-rata shares and convertible securities of up to 100% of its share capital compared to the previous limit of 50%.
Issuers will have up to Dec 31 to seek or renew a general mandate for the Limit, which will expire at the conclusion of the next annual general meeting (AGM) or on the date where the next AGM has to be convened by law, or when the SGX-ST Mainboard Listing Manual is to be held.
Shares in SGX closed 8 cents lower or 0.8% down at $10 on March 16.
