e Disadvantages of Equity Shares: 1.

Equity shares allotted in excess of the twenty per cent. Each distributor is responsible for undertaking its own target market assessment in respect of the Ordinary Shares and determining appropriate distribution channels. Each prospective investor should consult his, her or its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice. , Issuer” means a company or a body corporate authorized to issue equity share and convertible securities under the relevant laws and whose equity share and convertible securities are being issued and/or offered for sale in accordance with SEBI  (ICDR) regulation, PERSONS NOT ELIGIBLE FOR PREFERENTIAL ISSUE AS PER SEBI (ICDR), PERSONS ELIGIBLE FOR PREFERENTIAL ISSUE EVEN IF TRANSFERRED ANY EQUITY SHARES OF THE ISSUER DURING THE SIX MONTHS PRECEDING THE RELEVANT DATE AS PER SEBI(ICDR), VALUATION REQUIRED FOR PREFERENTIAL ISSUE, 1. In accordance with the Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products ("PRIIPs") and its implementing and delegated acts (the "PRIIPs Regulation"), the Investment Manager has prepared a key information document (the "KID") in respect of the Ordinary Shares.

There is no guarantee that the Issue will occur and you should not base your financial decisions on the Company's intentions in relation to the Issue or the information contained in this Announcement. 2. The distribution of this Announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. The Company, Triple Point, Stifel, Akur and their respective affiliates accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this Announcement or its contents or otherwise arising in connection therewith. The new Ordinary Shares will be issued and credited as fully paid and will rank pari passu in all respects with the Where convertible securities are offered on a preferential basis with an option to apply for and get equity shares allotted, the price of the resultant shares pursuant to conversion shall be determined-, > either upfront at the time when the offer of convertible securities is made, on the basis of valuation report of the registered valuer given at the stage of such offer, or. may not be offered, sold, pledged or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with all applicable state securities laws and under circumstances that would not require the company to register under the Investment Company Act. In conjunction with the Issue, the Directors intend to implement the Placing Programme to enable the Company to raise additional equity capital through the issue of up to 150 million new Ordinary Shares in the 12 month period from 30 September 2020 to 29 September 2021. The Company now has authority to issue 272,160 Ordinary shares on a non pre-emptive basis. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 1. Allotment of the specified securities shall be made only in dematerialised form. This Announcement is for information purposes only and does not contain or constitute an offer for sale of, or the solicitation of an offer or an invitation to buy or subscribe for, Ordinary Shares to any person in Australia, Canada, South Africa, New Zealand, Japan, the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. (Bailiwick of Guernsey) Law, 2000. . ew Ordinary Shares will be issued in registered form and will be capable of being held in both certificated and uncertificated form. Composite Issue: A composite issue is one in which an already listed company offers shares on the public-cum-rights basis and makes concurrent allotment of the shares. It is expected that Admission will become effective on, and that dealings for normal settlement in the MGT- 14 within 30 days of passing Board resolution in which Preferential allotment is approved, 2. In-principle approval of recognized stock exchange(s). Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and operational performance may differ materially from the results and performance expressed in, or implied by, the statements. Designed especially for traders looking to tap the profit opportunities of volatile markets. Notwithstanding the Target Market Assessment, Stifel will only place Ordinary Shares to investors meeting the definitions of "professional investors" or "eligible counterparties", each as defined in the FCA Rules. PRICING WHEN EQUITY SHARES OR CONVERTIBLE SECURITIES ISSUED TO QIBS. provided that no such offer of Ordinary Shares shall require the Company to publish a prospectus pursuant to Article 1 of the Prospectus Regulation or any measure implementing the Prospectus Regulation in a Member State and each person who initially acquires any Ordinary Shares or to whom any offer is made under the Issue will be deemed to have represented, acknowledged and agreed that it is a "qualified investor" within the meaning of Article 2(e) of the Prospectus Regulation. This information is provided by RNS, the news service of the London Stock Exchange. consideration may be in terms of such scheme. the resolutions concerning the Issue to be proposed to Shareholders at the General Meeting (the ", the placing agreement entered into today between the Company, Stifel, Akur and the Investment Manager in connection with the Issue and the Placing Programme (the ", Admission becoming effective by not later than 8.00 a.m. on 23 October 2020 (or such later time and/or date as the Company. They will not regard any other person as their respective clients in relation to the subject matter of this Announcement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the contents of this Announcement or any transaction, arrangement or other matter referred to herein. Where the equity share or convertible securities are issued on a preferential basis by a listed entity  for consideration other than cash, the valuation of the assets in consideration for which the equity shares are issued shall be done by an independent valuer, which shall be submitted to the stock exchanges where the equity shares of the issuer are listed: 3.

Bonus Issue: As the name itself suggests, it is the free additional shares distributed to the current shareholders in the proportion of the fully paid-up equity shares held by them on a particular date. The dividend targets may not be achieved, and all dividend payments are subject to the Company having adequate distributable reserves and cash reserves. The company shall maintain a complete record of private placement offers in Form PAS-5. Equity share­holders do not enjoy any preferential rights with regard to repayment of capital and dividend.

4. A company can issue share at a discount if a) One year have been elapsed since the date at which the company was allowed to commence business b) Sweat Equity Shares issued at a discount must belong to a class of shares already issued

Issuer is in compliance with the stock exchange where the equity shares of the issuer are listed and the SEBI (LODR), 2015, as amended, and any circular or notification issued.

The value of the whole company before the offering is therefore 1,000 x $100 or $100,000. For further information, please contact, Find out how to deal online from £1.50 in a. 28th-Sep-2020 17:32 Source: BSE. Since 2001 the Shares Awards have recognised the high quality of service and products from companies in the world of retail investment as voted for by Shares' readers.

3.

It is issued to the general public. > at the time, which shall not be earlier than thirty days to the date when the holder of convertible security becomes entitled to apply for shares, on the basis of valuation report of the registered valuer given not earlier than sixty days of the date when the holder of convertible security becomes entitled to apply for shares: > Company shall take a decision for above valuation at the time of offer of convertible security itself and make such disclosure in the explanatory statement at time of mentioning the relevant date.

Notwithstanding the above, a person who is not a qualified investor and who has notified Stifel of such fact in writing may, with the consent of Stifel, be permitted to subscribe for and/or purchase Ordinary Shares in the Issue and/or the Placing Programme.

Maintained by V2Technosys.com, Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), Preferential Issue of Equity Shares & Convertible Securities | CA 2013 & SEBI (ICDR), SEBI (Issue of Capital Disclosure Requirements), Regulations 2018, Companies (Share Capital and Debentures )  Rules, 2014, Data Bank registration & Online Proficiency test for Independent Directors, Unlock 5.0 Guideline- Cinema halls can Operate at 50% Capacity, Corporate Governance in Meetings & Powers of Board of Directors, HC Grants Bail to Corruption accused considering Lack of direct evidence, Limited Insolvency Examination w.e.f 1st January 2021. of the consideration amount calculated as per the formula with conversion date being the relevant date shall be paid against each warrant on the date of allotment of warrants and the balance consideration shall be paid at the time of allotment of the equity shares pursuant to exercise of options against each such warrant by the warrant holder, In case the warrant holder does not exercise the option for equity shares against any of the warrants held by the warrant holder, the consideration paid in respect of such warrant mentioned above  shall be forfeited by the issuer, The issuer shall ensure that the consideration of specified securities, if paid in cash, shall be received from respective allottee’s bank account and in the case of joint holders, shall be received from the bank account of the person whose name appears first in the application, The issuer shall submit a certificate from the statutory auditors to the stock exchanges where the equity shares of the issuer are listed stating that the issuer is in compliance as mentioned above and the relevant documents thereof are maintained by the issuer as on the date of certification. The Company announces that it has issued 75,000 new Ordinary shares of 5 pence each fully paid for cash at a price of 654 pence per share under its Ordinary share Block Listing facility for share issues made in connection with the prospectus published on 30 June 2020. No reliance may be placed for any purpose on the information contained in this Announcement or its accuracy or completeness. These factors include but are not limited to those described in the Prospectus, when published. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds. Shares journalists news and views on today's breaking stories. The listed entity, before issuing securities, shall obtain an ‘in-principle’ approval from recognised stock exchange(s) in the following manner: Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from the date of allotment within 20 days. ew Ordinary Shares and any relevant Placing Programme Shares). per annum from the expiry of the sixtieth day: Monies received on application under this section shall be kept in a separate bank account in a scheduled bank and shall not be utilised for any purpose other than—, No company issuing securities under this section shall release any, An offer or invitation to subscribe securities under private placement shall, A private placement offer cum application letter shall be in the form of an application in Form PAS-4 serially numbered and addressed specifically to the person to whom.

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