Securities Markets Regulations, 2015 · s 8

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8.
( 1)
The prospectus shall disclose the estimated net amount and percentage of the proceeds broken down into each principal intended use thereof.
(2)
If the anticipated proceeds are not sufficient to fund all the proposed purposes, the order of priority of such purpose must be given, as well as the amount and sources of other funds needed.
(3)
The prospectus shall disclose how the proceeds will be used pending their eventual utilisation for the proposed purposes.
(4)
If the issuer has no specific plans for the proceeds and the Authority has allowed this, it shall discuss the principal reasons for the offering of the securities.
(5)
Where the offer is not fully underwritten on a firm commitment basis 1
the prospectus shall state the minimum amount that 1 in the reasonable opinion of the directors of the issuer, must be raised by the offer of securities.
(6)
If the proceeds are being used directly or indirectly to acquire assets, other than in the ordinary course of business, the prospectus shall briefly describe the assets and their costs.
(7J
If the assets have been or will be acquired from affiliates of the issuer or their associates, the prospectus shall disclose the persons from whom they will be acquired and how the cost to the issuer will be determined.

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s 8( 1)

The prospectus shall disclose the estimated net amount and percentage of the proceeds broken down into each principal intended use thereof.

(2)

If the anticipated proceeds are not sufficient to fund all the proposed purposes, the order of priority of such purpose must be given, as well as the amount and sources of other funds needed.

(3)

The prospectus shall disclose how the proceeds will be used pending their eventual utilisation for the proposed purposes.

(4)

If the issuer has no specific plans for the proceeds and the Authority has allowed this, it shall discuss the principal reasons for the offering of the securities.

(5)

Where the offer is not fully underwritten on a firm commitment basis 1

the prospectus shall state the minimum amount that 1 in the reasonable opinion of the directors of the issuer, must be raised by the offer of securities.

(6)

If the proceeds are being used directly or indirectly to acquire assets, other than in the ordinary course of business, the prospectus shall briefly describe the assets and their costs.

(7J

If the assets have been or will be acquired from affiliates of the issuer or their associates, the prospectus shall disclose the persons from whom they will be acquired and how the cost to the issuer will be determined.