Regulatory Alerts2021-12-17
Added · Updated
The Companies (Further Issue of Capital) Regulations 2020
These regulations establish conditions for listed and public companies issuing further capital through right shares, bonus shares, non-right offers, shares with differential rights, and Employee Stock Option Schemes. They mandate board approvals, specific disclosure requirements in letters of offer, underwriting obligations for discounts, and special resolutions for certain issuances. The rules also define eligible registered valuers for asset valuations and require quarterly reporting on the utilization of proceeds from right issues.
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