Regulatory Alerts2024-05-05
Instructions and Regulations on Trading Resumption After General Assembly Meeting and Capital Increase or Dividend Distribution
The Securities and Commodities Authority issued these regulations to govern the suspension and resumption of trading for companies following decisions on capital increases or dividend distributions. The document establishes precise definitions for shareholders and subscriptions, mandates that subscription rights be concentrated in a single branch or depository center, and outlines the general obligations for the Board of Directors to prepare feasibility studies. It further details specific mathematical formulas for calculating the theoretical share price across various scenarios involving cash subscriptions, profit capitalization, and dividend payouts.
Share