有關公司行動之指引(只供英文版)(2009年4至7月)

CorporateActionGuidelinesPresentationforListingRulesSeminar2009IrisLeungListingOperationsHongKongExchanges&ClearingLimitedAgendaBackgroundGuideonBookClosureGuideonTradingArrangementBackgroundWhatarecorporateactions?Corporateactions(CA)areeventsinitiatedbyalistedcompanythataffectstherightsattachingtothecompany’sissuedshares.Someeventsaresimple,mandatoryandnoactionisrequiredfromshareholders(e.g.cashdividend)whileothersaremorecomplex,optionalandaresponsefromshareholdersisrequired(e.g.rightsissue,privatisation).BackgroundWhatarecorporateactions?Purposeofacorporateactioncanbe:Distributeincome(e.g.cashorstockdividend,bonusissue)Raisecapital(e.g.rightsissue,openoffer)Restructureissuedcapital(e.g.sharesubdivision/consolidation,warrantexercise)Reorganisethecompany(e.g.spin-off,takeoverandprivatisation)BackgroundWhyCAdiscl