Utilisation of rights issue funds must occur only after the basis of allotment is finalised, regulating deployment. Regulation 56 requires that an issuer may deploy funds raised through a rights issue only after the basis of allotment has been finalised, making ... Summary
Utilisation of rights issue funds must occur only after the basis of allotment is finalised, regulating deployment.
Regulation 56 requires that an issuer may deploy funds raised through a rights issue only after the basis of allotment has been finalised, making finalisation of the allotment basis the triggering condition for lawful deployment of collected proceeds.
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