| Title： |
Operating Rules of the Taiwan Stock Exchange Corporation(2009.12.25) |
| Date： |
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Article 50-4
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When the underlying securities represented by listed call (put) warrants, or securities represented by company warrants, undergo a change in trading method, are suspended from listing, or are delisted, the TWSE, pursuant to the handling procedures listed in Articles 49, 49-2, 50, and 50-1, may change the trading method of the warrants and file a report with the Competent Authority for recordation within one month, or after reporting to and obtaining the approval of the Competent Authority may suspend the trading of the warrants or delist them, or may first publicly announce suspension of their trading and subsequently file a report with the Competent Authority for recordation.
If any of the circumstances of Article 50 or Article 50-1 applies to an issuer of call (put) warrants, the TWSE shall file a report with and obtain the approval of the Competent Authority for the suspension of trading or for the delisting of the warrants, or first make a public announcement of the suspension of trading of the warrants and subsequently file a report with the Competent Authority for recordation.
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Article 50-5
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Once the rights to exercise the warrants attached to a listed company's listed corporate bonds with warrants or preferred shares with warrants, or company warrants, have expired or have been completely exercised, the TWSE may publicly announce the delisting of such bonds or preferred shares for which the warrants have become void. An issuer that wishes to continue the trading on the centralized securities exchange market of such corporate bonds or preferred shares for which the warrants have become void shall reapply for listing. However, if the rights and obligations of the remaining preferred shares for which the warrant rights have become void are the same as those of other preferred shares of the issuer already listed and traded on the exchange, such remaining preferred shares may be listed together with such other preferred shares with no need to reapply for listing.
When the balance of company warrants referred to in the preceding paragraph that remains outstanding is lower than 10 percent of the originally issued total amount, the listed company may apply to the TWSE for the delisting of those stock warrants, without being subject to the TWSE Application Procedures for Terminating the Listing of Securities by Listed Companies.
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