Public Service Commission Act, 1997
R 385
Companies Act, 2008 (Act No. 71 of 2008)RegulationsCompanies Regulations, 2011Chapter 4 : Offerings of Company SecuritiesPart B : Requirements Concerning Offering of Securities49. Letters of allocation in respect of unlisted securities |
See section 99(4)
| (1) | A company desiring to issue a letter of allocation in respect of unlisted securities must— |
| (a) | file a copy of— |
| (i) | the letter of allocation for registration; and |
| (ii) | any document required in the circumstances by section 99 (4); |
| (b) | file any agreement referred to in a document contemplated in paragraph (a), with a translation in an official language, if the agreement is not already in an official language; and |
| (c) | pay the prescribed fee as set out in Table CR 2B. |
| (2) | Upon registering the documents referred to in sub-regulation (1), the Commission must deliver a certificate of the registration of the letter of allocation to the company concerned or the person who submitted them on behalf of the company. |
| (3) | Every letter of allocation that is issued must— |
| (a) | state on the face of it that a copy of it, together with copies of all other documents referred to in sub-regulation (1), have been filed; and |
| (b) | include a statement advising that copies of every document referred to in sub-regulation (1) are available, and setting out the manner by which any such copy may be obtained. |
| (4) | Sub-regulation (3)(b) does not apply to any letter of allocation issued in connection with a renunciation of part of the rights to subscribe in terms of the rights offer. |
