Offer document disclosures require material, accurate information, lead manager due diligence, and timely audited financial reporting for informed investments. Offer-document disclosure obligations require material information that is true, correct and adequate for informed investment decisions. Issuers must ... Summary
Offer document disclosures require material, accurate information, lead manager due diligence, and timely audited financial reporting for informed investments.
Offer-document disclosure obligations require material information that is true, correct and adequate for informed investment decisions. Issuers must disclose applicable materiality policies and material information arising between filing and listing, while lead managers must conduct due diligence on disclosure materiality, veracity and adequacy. Required content covers issue terms, risks, issuer information, financial statements, material transactions, litigation and approvals. Audited financial information is generally required for the preceding three financial years, must be current, and must follow recognised accounting standards, with IFRS reconciliation where required.
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