Buy-back disclosure requirements: Letter of Offer must include prescribed disclosures, disclaimer, entitlement ratios and registrar web-link. The Letter of Offer for a tender-offer buy-back must be dated and signed by the manager or secretary (if any) and at least two directors including the managing director where applicable, and must contain disclosures as per Schedule IV, a Board-specified disclaimer clause, and the record date and buy-back ratio by entitlement. The cover page must state entitlement ratios for small and general shareholders and provide a web-link to the Registrar and Share Transfer Agent for shareholders to verify entitlement.