CmaBylaw
Executive Bylaws
3-6-2 Permitted Percentage of Sale or Purchase Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Thursday, 09 February 2017
The Controller of a Listed Company may sell or purchase Shares of such company with a specific range of the company’s capital, in accordance with the following percentages: • ± 2% semi-annually for ownerships over 30% to 50%. • ± 5% semi-annually for ownerships over 50% to 100%. The Controller shall complete the form prepared for this purpose as set out in Appendix 6 of this Module and submit the form to the Authority before achieving such interest
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