Chapter 4: Public Offerings of Company Securities
Part None: None

s111: Conditional allotment if prospectus states securities to be listed

  • (1) A prospectus containing a statement to the effect that application has been or will be made for permission for the securities offered thereby to be listed on an exchange must not be issued unless:
    • (a) an application has in fact been made in accordance with the requirements of the relevant exchange on or before the date of issue of that prospectus; and
      • (b) the prospectus names the particular exchange to which the application has been made.
      • (2) Any allotment of securities in pursuance of a prospectus referred to in subsection (1) is subject to the condition that:
        • (a) the application contemplated in subsection (1)(a) is granted; or
          • (b) an appeal against a refusal of such an application is upheld.

          Related Sections

          No related sections.

          Related Regulations

          R46: Forms relating to securities offerings
          R47: Interpretation
          R48: Application
          R52: Signing, date and date of issue, of prospectus
          R53: Access to supporting documents
          R54: General statement of required information
          R55: Specific matters to be addressed in a prospectus for a limited offer
          R56: Specific matters to be addressed in a prospectus for a general offer
          R57: Name, address and incorporation
          R58: Directors, other office holders, or material third parties
          R59: History, state or affairs and prospects or company
          R60: Share capital of the company
          R61: Options or preferential rights in respect of shares
          R62: Commissions paid or payable in respect of underwriting
          R63: Material contracts
          R64: Interest of directors and promoters
          R65: Loans
          R66: Shares issued or to be issued otherwise than for cash
          R67: Property acquired or to be acquired
          R68: Amounts paid or payable to promoters
          R69: Preliminary expenses and issue expenses
          R70: Purpose of the offer
          R71: Time and date of the opening and of the closing of the offer
          R72: Particulars of the offer
          R73: Minimum subscription
          R74: Statement as to adequacy of capital
          R75: Report by directors as to material changes
          R76: Statement as to listing on stock exchange
          R77: Report by auditor where business undertaking to be acquired
          R78: Report by auditor where company will acquire a subsidiary
          R79: Report by auditor of company
          R80: Requirements for prospectus of mining company

          Related Notes

          No related note.

          Related Forms

          CoR46.1: Documents in relation to Employee Share Schemes
          CoR46.2: Annual certificate required relating to Employee Shares Schemes
          CoR46.3: Application to Commission to exclude categories of persons from rights offer
          CoR46.4: Application to commission to register prospectus
          CoR46.5: Registration Certificate of Prospectus
          CoR46.6: Application to permit information to be excluded from prospectus