Chapter 4: Offerings of Company Securities
Part B: Requirements concerning offering of securities
R49: Letters of allocation in respect of unlisted securities
- (1) A company desiring to issue a letter of allocation in respect of unlisted securities must-
- (a) file a copy of-
- (i) the letter of allocation for registration; and
- (ii) any document required in the circumstances by section 99 (4);
- (b) file any agreement referred to in a document contemplated in paragraph (a), with a translation in an official language, if the agreement is not already in an official language; and
- (c) pay the prescribed fee as set out in Table CR 2B.
- (2) Upon registering the documents referred to in sub-regulation (1), the Commission must deliver a certificate of the registration of the letter of allocation to the company concerned or the person who submitted them on behalf of the company.
- (3) Every letter of allocation that is issued must-
- (a) state on the face of it that a copy of it, together with copies of all other documents referred to in sub-regulation (1), have been filed; and
- (b) include a statement advising that copies of every document referred to in sub-regulation (1) are available, and setting out the manner by which any such copy may be obtained.
- (4) Sub-regulation (3)(b) does not apply to any letter of allocation issued in connection with a renunciation of part of the rights to subscribe in terms of the rights offer.
Related Regulations
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