Notice on the Limit of Covered Warrant Issuance

18:52, 10/07/2024

On January 18, 2018, the State Securities Commission signed Decision 72/QD-UBCK issuing the Regulation on Guidelines for Issuing and Hedging Covered Warrants.

Covered warrant purchase based on underlying securities which are listed shares offered must comply with the following offering limits:

- The number of shares converted from issued covered warrants of all issuers shall not exceed 10% of the total number of freely transferable shares;- The number of shares converted from warrants in an offering by an individual issuer shall not exceed 1.5% of the total number of freely transferable shares;- The total value of issued and registered covered warrants of an issuer compared with the available capital ratio shall not exceed the following levels: 0%, 5%, 10%, 15%, 20%, corresponding to the following capital availability ratios of the issuer:

- From 180 - 250%;- Over 250 - 300%;- Over 300 - 450%;- Over 450 - 600%;- Over 600%;

(Excluding delisted or expired covered warrants)

Decision 72/QD-UBCK takes effect from the date of signing and promulgation.

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