Timing of rights issue governed by Board-specified period, subject to Companies Act compliance, rather than a fixed statutory timeframe Regulation 85 provides that, subject to compliance with the Companies Act, a rights issue may be opened within a period specified by the Board, replacing ... Summary
Timing of rights issue governed by Board-specified period, subject to Companies Act compliance, rather than a fixed statutory timeframe
Regulation 85 provides that, subject to compliance with the Companies Act, a rights issue may be opened within a period specified by the Board, replacing the former fixed opening timeframe and placing discretion over the opening period with the Board.
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