Chapter 4: Offerings of Company Securities
Part C: Items required to be included in a prospectus

R70: Purpose of the offer

Section 2, Paragraph 1 of every prospectus must set out:
  • (a) a statement of the purpose of the offer, giving reasons why it is considered necessary for the company to raise the amount sought under the prospectus; and
    • (b) if the amount sought under the prospectus is more than the amount of the minimum subscription referred to in regulation 73, the reasons for the difference between those amounts.

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