Share placements may,subject to compliance with certain regulations,be made to institutional investors.Which of the following conditions is NOT a requirement of the Australian authority ASIC for share placements?
A) The placement should consist of minimum subscriptions of $500 000, or be made up of not more than 20 participants.
B) The discount from current market price should not be excessive.
C) Under no circumstances should placements be in excess of 10% of the issued shares permitted.
D) There is no need to register a prospectus, but a memorandum of information detailing the company's activities should be sent to all participants.
Correct Answer:
Verified
Q41: If a company raises equity funds by
Q42: Which of the following is generally NOT
Q43: The main advantage of placements to raise
Q44: Compared with a pro-rata issue of shares,placements
Q45: A rights offering is the issue of:
A)
Q47: For a share placement,the Australian authority ASIC
Q48: A pro-rata share rights offer of 1:
Q49: The subscription price in a rights offering
Q50: Which of the following is NOT a
Q51: A dividend reinvestment plan generally _ on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents