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    <description>Regulation creates a regulatory framework for share based employee benefits and sweat equity applying to listed companies and covering employee stock option, purchase, stock appreciation rights, general employee benefits, retirement benefit schemes and sweat equity. Applicability requires the company to issue sweat equity or operate a scheme that is set up, funded or guaranteed, or controlled or managed by the company or any group company. New shares issued under these regulations are exempt from standard preferential-issue provisions except where expressly provided.</description>
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