(1) An existing issuer may be removed from the Official List of Catalist if it has not complied with Rule 1403.
(2) If an existing issuer is delisted, the Exchange may require the existing issuer to offer a reasonable exit alternative, which should normally be in cash, to:
(a) its shareholders; and
(b) holders of any other classes of listed securities to be delisted.
The issuer should normally appoint an independent financial adviser to advise on the exit offer.