Subscription period limits for rights issues set with specified minimum and maximum durations and no post closing withdrawals permitted. Rights issues must remain open for subscription for a prescribed minimum duration and not exceed a prescribed maximum duration, with the Board able to ... Summary
Subscription period limits for rights issues set with specified minimum and maximum durations and no post closing withdrawals permitted.
Rights issues must remain open for subscription for a prescribed minimum duration and not exceed a prescribed maximum duration, with the Board able to specify the maximum period; applications cannot be withdrawn after the issue closing date, creating a firm prohibition on post closing withdrawal.
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