Any disposal by an Issuer which, when aggregated with any other disposal(s) over the previous twelve months, exceeds 75% in any of the Class Tests, is deemed to be a disposal resulting in a fundamental change of business and must be:
(a) conditional on the consent of its Shareholders being given in general meeting;
(b) Notified without delay disclosing the information specified by Schedule Four and insofar as it is with a Related Party, the additional information required by Rule 5.18; and
(c) accompanied by the publication of a circular containing details of the disposal and any proposed change in business together with the information specified above and convening the general meeting.
Divestment or Cessation
• Where the effect of the proposed disposal is to divest the Issuer of all, or substantially all, of its trading business, activities or assets; and/or
• Where an Issuer takes any other action, the effect of which is that it will cease to own, control or conduct all, or subst
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