Minimum application size requires lot-based applications in prescribed multiples and a specified application payment. Applicants in the net offer may not apply for more securities than the public offer size; non institutional investors are limited to the portion remaining after qualified institutional buyers' allotment. Minimum application size is two lots, applications must be in multiples of the lot size, and at least twenty five percent of the issue price per security must be payable on application, except where an offer for sale requires full payment. Minimum application value is referenced to the issue price of the securities.
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Provisions expressly mentioned in the judgment/order text.
Minimum application size requires lot-based applications in prescribed multiples and a specified application payment.
Applicants in the net offer may not apply for more securities than the public offer size; non institutional investors are limited to the portion remaining after qualified institutional buyers' allotment. Minimum application size is two lots, applications must be in multiples of the lot size, and at least twenty five percent of the issue price per security must be payable on application, except where an offer for sale requires full payment. Minimum application value is referenced to the issue price of the securities.
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