Section 7
of Securities Markets Regulations, 2015
Section 7
(1)
If a prospectus for which approval is sought does not include the final offer price and the quantity of securities to be offered -
(a} the prospectus must disclose the criteria and the conditions in accordance with which the final offer price and the quantity of securities are determined or, in the case of price, the maximum price; and
(b} the final offer price and the quantity of securities must, as soon as practicable, be filed with the Authority in accordance with the direction of the Authority.
(2)
Where either the final offer price or the quantity of securities to be offered in sub-regulation (1) is not stated in the prospectus, investors shall be entitled to withdraw their acceptance of the acquisition or subscription terms for the securities within 2 trading days following the publication of the final offer price and the quantity of the securities.
Use of proceeds from offering of securities.