| (1) |
If a statement under rule 3.11(4) with follow-on actions in sub-rule (2) below, or rule 3.11(5), has been made against an individual, the listed issuer:
| (a) |
named in the statement; or
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| (b) |
in respect of which any of its subsidiaries is named in the statement
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must include in all of its announcements and corporate communications to be published a reference to the sanction made under rule 3.11(4) or 3.11(5), unless and until that individual ceases to be a director or senior management, as the case may be, of the named listed issuer and/or its subsidiaries.
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| (2) |
If an individual against whom a statement has been made under rule 3.11(4) or 3.11(5) occupies the position of director or senior management, as the case may be, of the named listed issuer or subsidiary, as the case may be, after a date to be determined and specified by the GEM Listing Committee, the GEM Listing Committee may, at any time in its sole discretion, impose the follow-on actions below:
| (a) |
order that the facilities of the market be denied to that issuer for a specified period; and/or
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| (b) |
suspend or cancel the listing of that issuer's securities or any class of its securities.
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| (3) |
The GEM Listing Committee may make public any follow-on action imposed under rule 3.11A(2).
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