CmaBylaw
Executive Bylaws
2-1-3 Of Module Twelve: Listing Rules
Section: Chapter Two: Listing Shares of Shareholding Companies
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Sunday, 12 February 2017
A company shall provide an undertaking, from each shareholder whose ownership percentage equal to or more than 20% - directly or indirectly - of the company’s Shares, to not dispose a percentage of not less than 20% of these Shares for a period of two years from the listing date. In exception of the above, these shareholders may dispose these Shares to another Person provided that this Person shall abide by the same undertaking. In all cases, these Shares may be disposed due to submitting an Acquisition Offer for the entire Shares of the company.
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