Chapter 4: Offerings of Company Securities
Part C: Items required to be included in a prospectus
R72: Particulars of the offer
- (1) Section 2, Paragraph 3 of every prospectus must set out the particulars of the securities offered, including-
- (a) the class of securities;
- (b) the number of securities offered;
- (c) the issue price;
- (d) if any securities are secured, particulars of the security, specifying the property comprising the security and the nature of the title to the property; and
- (e) other conditions of the offer.
- (2) If, during the 3 years immediately preceding the date of the prospectus, the company issued any securities, a prospectus must also include a statement setting out-
- (a) the dates of issue of those securities;
- (b) the price at which they were issued; and
- (c) the reasons for any differentiation between those prices and the issue price of the securities being offered by the prospectus.
- (3) If, during the 3 years immediately preceding the effective date, the company issued any securities for a premium, the prospectus must include a statement setting out-
- (a) the dates of issue of those securities;
- (b) the reasons for any such premium;
- (c) the reasons for any differentiation between the amounts of any such premium; and
- (d) how any such premium was dealt with.
Related Regulations
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