Preferential issue pricing: VWAP-based minimum price for frequently traded shares, with three-year lock-in and specified applicability window. Optional pricing allows choice of regulation 164 or this regulation for frequently traded shares; the price must be at least the higher of the twelve-week or two-week weekly high-low VWAP averages up to the relevant date. Securities allotted under this method are locked in for three years. The method applied to allotments during the specified July-December 2020 implementation window, and all allotments under the same shareholder approval must follow the same pricing method.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Preferential issue pricing: VWAP-based minimum price for frequently traded shares, with three-year lock-in and specified applicability window.
Optional pricing allows choice of regulation 164 or this regulation for frequently traded shares; the price must be at least the higher of the twelve-week or two-week weekly high-low VWAP averages up to the relevant date. Securities allotted under this method are locked in for three years. The method applied to allotments during the specified July-December 2020 implementation window, and all allotments under the same shareholder approval must follow the same pricing method.
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