Additional conditions for an offer for sale for issues under sub-regulation (2) of regulation 6

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..... ft offer document is filed under sub-regulation (2) of regulation 6 of these regulations: a. shares offered for sale to the public by shareholder(s) holding, individually or with persons acting in concert, more than twenty per cent of pre-issue shareholding of the issuer based on fully diluted basis, shall not exceed more than fifty per cent of their pre-issue shareholding on fully diluted basi .....

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