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    <title>Requirement of minimum promoters’ contribution not applicable in certain cases</title>
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    <description>Regulation 34 disapplies the requirement of minimum promoters&#039; contribution where an issuer lacks an identifiable promoter, where a further public offer concerns equity that has been infrequently traded and the issuer has a recent dividend payment track record, and for rights issues; excess promoter subscriptions above prescribed thresholds must be at a price not less than the higher of the regulatory pricing formula or the issue price, and the term infrequently traded uses the referenced takeover regulation definition with the filing date as the turnover reference date.</description>
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      <description>Regulation 34 disapplies the requirement of minimum promoters&#039; contribution where an issuer lacks an identifiable promoter, where a further public offer concerns equity that has been infrequently traded and the issuer has a recent dividend payment track record, and for rights issues; excess promoter subscriptions above prescribed thresholds must be at a price not less than the higher of the regulatory pricing formula or the issue price, and the term infrequently traded uses the referenced takeover regulation definition with the filing date as the turnover reference date.</description>
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