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    <description>Regulation 54 mandates that the abridged letter of offer with application form be dispatched to existing shareholders before opening; plain paper applications are allowed but cannot be used to renounce rights, and dual applications may be rejected. The issuer must decide issue price prior to determining the record date in consultation with the designated stock exchange, ensure the rights issue remains open for the prescribed subscription period, and provide a single uniform payment option, obtaining regulatory approvals where part payment is offered.</description>
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