Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Issuers Restricted from New Securities Issuance Between Draft Offer Filing and Listing, Except Employee Schemes</h1> An issuer is prohibited from making further issues of specified securities, including public, rights, preferential issues, qualified institutions placement, or bonus shares, except under an employee stock option or stock appreciation right scheme. This restriction applies during the period between filing the draft letter of offer with stock exchanges and the listing of the securities or refund of application monies. Full disclosures about the number of securities or amount to be raised must be included in the draft or final letter of offer. Recent amendments have omitted specific conditions related to fast-track and other issues.
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