Fully paid securities should be free from restrictions on transfer  |
|
|---|---|
| Rule: | IIA 5.11 |
| Date Requested: | Tuesday, February 27, 2007 |
| Requested By: | Dibbs Abbott Stillman |
| Date Approved: | Wednesday, March 21, 2007 |
| Approved By: | Compliance Committee |
| Issuer: | RGW |
| Securities: | RGWB |
| Description of Rule: | Fully paid securities must be free from all liens and from any restriction on the right of transfer on the Exchange except: (a) any statutory restrictions on transfers; and (b) any restrictions on transfers which the Exchange in its absolute discretion agrees to impose on the securities of mutual organisations. |
| Waiver Requested: | Ricegrowers Limited, a former co-operative, sought a waiver of listing rule 5.11 to enable operation of a closed market in its securities. |
| Effect of Waiver: | The Exchange permits granting of the waiver of listing rule 5.11 to Ricegrowers Limited to enable operation of a closed market in its B class securities. |