In a new regulated share issue (not a rights issue) company directors can issue shares to whichever applicants they like.

Name: In a new regulated share issue (not a rights issue) company directors can issue shares to whichever applicants they like.
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In a new regulated share issue, company directors must adhere to regulatory requirements and shareholder agreements, which often limit their ability to freely choose recipients without following a fair and transparent process.

In a New Regulated Share Issue (Not a Rights Issue)