ASX has recently amended several Listing Rules. Amendments include:
The governance amendments include:
These governance amendments came into effect on 11 January 2010.
Dividend or distribution announcements must include additional information from 11 January 2010 (Listing Rules Appendix 6A, Item 1). This information includes information about bonus share plans or dividend reinvestment plans operating on that dividend or distribution and whether any foreign conduit income is attributable to the dividend.
The bonus share plan/dividend reinvestment plan information must include whether any discount is available under the plan, the last election date for the dividend reinvestment plan and the period over which the dividend reinvestment share plan share price will be determined.
The amendments to Appendix 6A item 1 are generally consistent with other disclosure requirements under the Listing Rules, sure as proposed new issue announcements under Listing Rule 3.10.3 and periodic reporting obligations These amendments came into effect on 11 January 2010.
Earlier this month the ASX announced a number of rule changes to come into effect on 1 June 2010, including:
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