An issuer that intends to undertake a subdivision or consolidation of shares must:

(1) promptly make an announcement, stating the terms of the subdivision or consolidation;
(2) make an application for the listing of the subdivided or consolidated shares in accordance with the requirements for the listing of additional securities in this Chapter; and
(3) obtain specific shareholder approval for the subdivision or consolidation.

Added on 7 February 20207 February 2020.