Pricing of infrequently traded shares must reflect valuation parameters and require a certificate from an independent registered valuer. For shares that are not frequently traded, the issuer must determine price by considering valuation parameters including book value, comparable trading multiples and other customary metrics, and must submit to the stock exchange a certificate from an independent registered valuer confirming compliance with this regulation.
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Provisions expressly mentioned in the judgment/order text.
Pricing of infrequently traded shares must reflect valuation parameters and require a certificate from an independent registered valuer.
For shares that are not frequently traded, the issuer must determine price by considering valuation parameters including book value, comparable trading multiples and other customary metrics, and must submit to the stock exchange a certificate from an independent registered valuer confirming compliance with this regulation.
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