Rights Issue Guide — Trading and Subscription Period Rules

A rights issue allows a listed company to offer new shares, primarily to existing shareholders. The process includes a trading period, when rights can be bought or sold, and a subscription period, when rights holders can purchase new shares. The timeline is set by the Extraordinary General Meeting (EGM) and will be announced in the updated prospectus and company notices.

1. Trading Period

• Duration: The trading period lasts for the first 6 business days of a total 9 business days. Both trading and subscription start on the same day, but trading ends on day 6.
• Eligible Participants: All registered and non-registered shareholders.
• Main Actions:
  • Shareholders can buy or sell rights.
  • Non-registered shareholders can purchase rights from the market.

Note: After the trading period ends, rights can no longer be traded and can only be used for subscription.

2. Subscription Period

• Duration: The subscription period covers all 9 business days, starting together with the trading period and ending on day 9.
• Eligible Participants: All investors holding rights.
• Main Actions:
  • Rights holders can exercise their rights to subscribe for new shares during this period.
  • Subscription can be done during the trading period and continues for 3 more business days after trading ends.

Note: After the subscription period ends, any unexercised rights will expire and cannot be traded or subscribed.