clearly state that the shares are allocated to directors, employee) Securities: Shares Convertible Debentures (CD) Warrant Approval Conditions The SEC generally approves the offer for sale of ESOP, namely
SHARE : Detail Content Equity Instruments Shares Subscription, sale and allocation Criteria for limiting the allocation of shares for Initial Public Offering (“IPO shares") which are allocated to
under its responsibility Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors Oversee to ensure that the trust is not becoming a private trust
underwriter. The offeror may arrange proportions of units to be allocated to different groups of investors. This shall be disclosed in the filing. The buyers of the units shall settle unit subscription in cash
) with different returns. All unit classes must have the same par value and shall not be allocated to any individuals or a group of associated persons over 50% of each unit class. Investors holding the
established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a trustee account; ensure that the units are not allocated to investors who are not
right and callable warrant. If right adjustment must comply with the prescribed criteria, terms of right must indicate compensation and remedy if underlying shares cannot be allocated. Conditions for
offering shares to a subsidiary. If the persons being allocated shares are related persons, the listed company must act pursuant to the criteria of related party transactions. Additional requirements for
) with different returns. All unit classes must have the same par value and shall not be allocated to any individuals or a group of associated persons over 50% of each unit class. Investors holding the
established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a trustee account; ensure that the units are not allocated to investors who are not