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Should all share capital of a listed issuer be held by one shareholder or be jointly held by substantiate shareholders?

Should all share capital of a listed issuer be held by one shareholder or be jointly held by substantiate shareholders?

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Chad
 

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There must be an open market in the securities for which listing is sought. This will normally mean that at least 25% of the issuer’s total issued share capital must at all times be held by the public.

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Ian
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