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Frequently Asked Questions
  Is there an exception for de minimis issuances under Listing Rule 5635(c)?
Identification Number 209
No. The Rule requires shareholder approval whenever the company establishes or materially amends a stock option or purchase plan or other arrangement pursuant to which stock may be acquired by officers, directors, employees or consultants. Unlike the prior rule, there is no exception for de minimis issuances or "broadly- based" plans.  
Publication Date*: 7/31/2012 Mailto Link Identification Number: 209
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