Lead manager appointment requires issuers to consult appointed managers when selecting intermediaries for follow-on public offers. Regulation 34 requires an issuer undertaking a follow-on public offer to appoint one or more lead managers for the issue. The issuer must also appoint ... Summary
Lead manager appointment requires issuers to consult appointed managers when selecting intermediaries for follow-on public offers.
Regulation 34 requires an issuer undertaking a follow-on public offer to appoint one or more lead managers for the issue. The issuer must also appoint other issue-related intermediaries in consultation with the appointed lead manager or managers. This requirement makes lead-manager consultation a mandatory element of the intermediary appointment process.
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