“identical share” means in respect of a share-

(a)     a share of the same class in the same company as that share; or

(b)     any other share that is substituted for a listed share in terms of an arrangement that is announced and released as a corporate action as contemplated in the JSE Limited Listings Requirements in the SENS (Stock Exchange News Service) as defined in the JSE Limited Listings Requirements or a corporate action as contemplated in the listings requirements of any other exchange, licensed under the Financial Markets Act, that are substantially the same as the requirements prescribed by the JSE Limited Listings Requirements, where that corporate action complies with the applicable requirements of that exchange;

[Paragraph (b) substituted by section 5(1)(f) of Act 15 of 2016, by section 1(1)(f) of Act 23 of 2018 and by section 2(1)(d) of Act 34 of 2019]

[Definition of “identical share” inserted by section 3 of Act 25 of 2015 effective on 1 January 2016]