FIRST SCHEDULE

LISTING UNDERTAKING

Form of Listing Undertaking require to be entered into by an issuer in support of its application for admission to the Official List


“TO: The Guyana Association of Securities Companies and Intermediaries Inc.

FROM: (“the Issuer”)

In consideration of The Guyana Association of Securities Companies and Intermediaries Inc. (“GASCI” granting the Issuer’s application for admission to the Official List, and for permission to deal in the securities specified in the Issuer’s application, the Issuer HEREBY ACKNOWLEDGES that trading in the Issuer’s securities shall continue only during the pleasure of GASCI, and the Issuer HEREBY UNDERTAKES AND AGREES to comply with the Securities Industry Act 1998 and regulations made under that Act, the Companies Act and regulations made under that Act, and with the Rules of GASCI so far as they relate to issuers.




Dated this day of 200 .


Signature: Name:

Signed for and on behalf of the Issuer as authorised thereto by resolution of the Board of Directors dated

SECOND SCHEDULE

LISTING FEES

1. Initial listing fee
(1) In the case of an issue of equity securities, other than units in a collective investment scheme, an initial listing fee shall be payable on the application for admission to the Official List at the following rates –

Monetary value of the Rate of initial equity securities to be listed listing fee

not exceeding $250,000,000      0.1%

exceeding $250,000,000             0.1%


(subject to a Guyana dollar equivalent of a minimum initial listing fee of US$1,000 and a maximum initial listing fee of US$10,000)

(2) In the case of an issue of corporate debt securities, an initial listing fee shall be j. payable on the application for admission to the Official List at the following rates –

Monetary value of the Rate of initial corporate debt securities listing fee to be listed

not exceeding $250,000,000       0.05%

exceeding $250,000,000             0.05%


(subject to a Guyana a dollar equivalent of a minimum initial listing fee of US$500 and a maximum initial listing fee of US$5,000)


(3) In the case of an issue of debt securities other than corporate debt securities, an initial listing fee shall be payable on the application for listing at such rate as GASCI shall determine.

2. Annual listing fee
In addition to the initial listing fee, an annual listing fee (payable in advance in four quarterly instalments) shall be payable as follows –

(a) in the case of equity securities other than units in a collective investment scheme, at the following rates –

Monetary value of the Rate of annual equity securities listing fee

not exceeding $250,000,000       0.075%

exceeding $250,000 000             0.075%


(subject to a Guyana dollar equivalent of a minimum annual listing fee of US$750 and a maximum annual listing fee of US$7,500)

(b) in the case of corporate debt securities, an annual listing fee, at the following rates –

Monetary value of the Rate of annual corporate debt securities listing fee

not exceeding $250,000,000       0.075%

exceeding $250,000,000             0.075%

(subject to a Guyana dollar equivalent of a minimum annual listing fee of US$750 and a maximum annual listing fee of US$7,500)


(c) in the case of debt securities other than corporate debt securities, at such rate as GASCI shall determine.

3. Listing fee for units in collective investment schemes
In the case of units in an open ended collective investment scheme, fees shall be payable at the following rates–

Monetary value of the Rate of initial Units to be listed listing fee

not exceeding $250,000,000      0.1%

exceeding $250,000,000             0.1%

(subject to a Guyana dollar equivalent of a minimum initial listing fee of US$1,000 and a maximum initial listing fee of US$10,000)

Monetary value of the Rate of annual Units listing fee

not exceeding $250,000,000       0.075%

exceeding $250,000,000             0.075%


(subject to a Guyana a dollar equivalent of a minimum annual listing fee of US$750 and a maximum annual listing fee ofUS$7,500)

4. Subsequent issue fee
(1) Where a listed issuer makes a subsequent issue of equity securities which is less than 10 per cent of its existing issued share capital and does not issue a prospectus, there shall be a fixed fee payable of the Guyana dollar equivalent of US$500.

(2) Where a listed issuer makes a subsequent issue of equity securities which is 10 per cent or more of its existing issued share capital or in circumstances where a prospectus is issued in connection with the issue, a subsequent issue fee shall be charged on the following scale


Monetary value of Subsequent issue the securities issued fee

not exceeding $250,000,000       0.075%

exceeding $250,000,000             0.075%

(subject to a Guyana dollar equivalent of a minimum subsequent issue fee of US$750 and a maximum subsequent issue fee of US$7,500)

(3) This charge does not apply to the issue of securities on the exercise of options, warrants or conversion rights under convertible securities, the grant or issue of which have been approved by GASCI, or to a capitalisation issue including the issue of securities under a scrip dividend scheme.

(4) An issuer shall pay any subsequent listing fees within 7 days of receiving a debit note or, in any event if earlier, before dealings in the relevant securities commence.

5. Secondary listings
In the case of an overseas issuer, whose primary listing is or is to be on another exchange, the fees payable shall be as follows –

(1) initial listing fee - 25 per cent of the fees listed in para 1(1), (2) or (3) above as appropriate (including the minimum and maximum payments);

(2) annual listing fee 25 per cent of the fees listed in para 2(a), (b) or (c) above as appropriate (including the minimum and maximum payment).


6. General
GASCI reserves the right to revise any of the fees or charges prescribed above at any time subject to the approval of the Council. GASCI may also at its sole discretion in any specific case reduce or waive the fees prescribed above.

THIRD SCHEDULE

FORMAT OF THE ORDER BOARD FOR TRADING
 

NOTE
1. The prices shall be entered in descending order in the central column in one tick (tenth of a dollar) intervals, e.g. 7.9, 7.8, 7.7....etc

2. The first order at any price shall be entered nearest the central column, subsequent orders shall be entered in outward sequence from the centre

3. Orders shall be recorded as Broker Code (three letters) and quantity of stock

4. Where there is a match the order shall be struck through
 

EXAMPLE OF ORDER BOARD FORMAT-ABC CO.

FOURTH SCHEDULE

Change History

Certified as true version of GASCI rules


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