Allotment procedure: rights issue allocations prioritise entitlement, equitable additional allotments, and fair finalisation by exchange oversight. Allotment in a rights issue must not exceed the securities offered in the letter of offer. Allotment priority is: full allotment to applicants for their rights entitlement and to renouncees (adjusted for fractions); equitable additional allotment to eligible shareholders who applied for extra securities based on holdings if under subscription remains; proportionate allotment to renouncees who applied for extra securities; and allotment to disclosed specific investors from any remaining under subscription. Designated stock exchange employees and registrars must finalise the basis of allotment fairly as prescribed.
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Allotment procedure: rights issue allocations prioritise entitlement, equitable additional allotments, and fair finalisation by exchange oversight.
Allotment in a rights issue must not exceed the securities offered in the letter of offer. Allotment priority is: full allotment to applicants for their rights entitlement and to renouncees (adjusted for fractions); equitable additional allotment to eligible shareholders who applied for extra securities based on holdings if under subscription remains; proportionate allotment to renouncees who applied for extra securities; and allotment to disclosed specific investors from any remaining under subscription. Designated stock exchange employees and registrars must finalise the basis of allotment fairly as prescribed.
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