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Companies Act, 2008 (Act No. 71 of 2008)

Companies Regulations, 2011

Chapter 4 : Offerings of Company Securities

Part C : Items required to be included in a Prospectus

72. Particulars of the offer

 

 

(1) Section 2, Paragraph 3 of every prospectus must set out the particulars of the securities offered, including—
(a) the class of securities;
(b) the number of securities offered;
(c) the issue price;
(d) if any securities are secured, particulars of the security, specifying the property comprising the security and the nature of the title to the property; and
(e) other conditions of the offer.

 

(2) If, during the 3 years immediately preceding the date of the prospectus, the company issued any securities, a prospectus must also include a statement setting out—
(a) the dates of issue of those securities;
(b) the price at which they were issued; and
(c) the reasons for any differentiation between those prices and the issue price of the securities being offered by the prospectus.

 

(3) If, during the 3 years immediately preceding the effective date, the company issued any securities for a premium, the prospectus must include a statement setting out—
(a) the dates of issue of those securities;
(b) the reasons for any such premium;
(c) the reasons for any differentiation between the amounts of any such premium; and
(d) how any such premium was dealt with.