OFS-7.1.3
Past version: Effective from 01 Jan 2014 to 31 Mar 2014
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Unless otherwise determined in law or agreed by the CBB, the offer period for subscription of
(a) For equity securities , the offer period cannot be less than 10 calendar days after the day of commencement of the offer and must not exceed a maximum period of 6 months;
(b) For a secondary listing involving an offer of shares or in the case of a rights issue , 5 days from the issue of an announcement stipulating the issue is fully subscribed;
(c) For other securities the offer period must not be less than 15 calendar days after the day of commencement of the offer. Additionally, it must not exceed a maximum period of 6 months from the date of opening unless extended by the CBB in writing;
(d) For any offering of securities , the offering period must not extend beyond the validity of the date of the prospectus or offering document , which is a period of 6 months; and
(e) Must not allow for the closing of the offering period to be less than 1 month from the publication of annual audited financial statements, or interim unaudited but reviewed financial statements.
January 2014