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of <h1>Shareholders with over 20% pre-issue shares face sale limits; lock-in rules apply with no relaxations.</h1> For issues with a draft offer document filed under sub-regulation (2) of regulation 6, shareholders holding over 20% of pre-issue shareholding cannot offer more than 50% of their shares for sale to the public. Shareholders with less than 20% cannot offer more than 10%. For those with over 20%, lock-in provisions apply, and any relaxation from lock-in is not permitted. These limits are based on shareholding at the draft offer document filing date and apply to both public offers and prior secondary sales.
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