Pricing of shares: companies must fix the price of shares arising from preferentially issued warrants before exercise. Where warrants are issued on a preferential basis with an option to apply for and get the shares allotted, the issuing company must determine beforehand ... Summary
Pricing of shares: companies must fix the price of shares arising from preferentially issued warrants before exercise.
Where warrants are issued on a preferential basis with an option to apply for and get the shares allotted, the issuing company must determine beforehand the price of the resultant shares, making advance price fixation a precondition to offering such warrants and to any subsequent share allotment arising from them.
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