Section 9
of Securities Markets Regulations, 2015
Section 9
(1)
The following information shall be provided m the registration statement pertaining to the expenses of the offering -
fa)
the total amount of the discounts or commissions agreed upon by the underwriters or other placement, or the selling agents, or the issuer or the offeror shall be disclosed, as well as the percentage such commissions represent of the total amount of the offering and the amount of discounts or commissions per share;
(b)
a· reasonably itemised statement of the major categories of expenses incurred in connection with the issuance and distribution of the securities to be listed or offered (in absolute terms and as a percentage of the total amount of the offering) and by whom the expenses are payable, if other than the issuer;
{c)
if any of the securities are to be offered for the account of a selling shareholder, indication of the portion of such expenses to be borne by such shareholder and indication of the amount of any expenses specifically charged to the subscriber or purchaser of the securities being offered.
(2)
The information may be given subject to future contingencies.
(3)
If the amount of any items is not known, estimates (identified as such)
shall be given.
Incorporation by reference.