New UK Listing Regime
06 April 2010 - 7:48PM
UK Regulatory
TIDMTNJ
RNS Number : 7310J
Tanjong PLC
06 April 2010
TANJONG PUBLIC LIMITED COMPANY ("Tanjong" or "the Company")
- New UK Listing Regime
1. Tanjong wishes to announce that, with effect from 6 April 2010, the
listing of Tanjong's ordinary shares on the London Stock Exchange will be
designated as a Standard Listing.
2. Background
Investors and shareholders may be aware that with
effect from 6 April 2010, the UK Listing Authority ("UKLA") has implemented
changes to its Listing Rules ("New Regime"). Under the New Regime, the UKLA is
changing its listing categories for all stocks and securities listed on the
London Stock Exchange from Primary Listing and Secondary Listing to Premium
Listing and Standard Listing respectively.
As a consequence thereof, with effect from 6 April 2010, Tanjong's ordinary
share capital listed on the London Stock Exchange will be designated as a
Standard Listing. Prior to 6 April 2010, Tanjong has been treated by the UKLA as
an overseas company with a Secondary Listing. Tanjong has a Primary Listing on
the Bursa Malaysia Securities Berhad ("Bursa Securities").
The UKLA's new Standard Listing meets European Union minimum standards for
listing and requires companies with Standard listed securities to, among others,
provide a corporate governance statement and to describe the main features of
their internal control and risk management systems.
There are no major changes to the UKLA's Listing Rules that are already
applicable to Tanjong arising from the new listing designation or otherwise from
the New Regime.
This announcement is dated 6 April 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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