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832

A circular or notice to be sent to shareholders in connection with a general meeting to approve the issue of company warrants or other convertible securities must include at least the following information:—

(1) The maximum number of the underlying securities which would be issued or transferred on exercise or conversion of the company warrants or other convertible securities.
(2) The period during which the company warrants or other convertible securities may be exercised and the dates when this right commences and expires.
(3) The amount payable on the exercise of the company warrants or other convertible securities.
(4) The arrangements for transfer or transmission of the company warrants or other convertible securities.
(5) The rights of the holders on the liquidation of the issuer.
(6) The arrangements for the variation in the subscription or purchase price and in the number of company warrants or other convertible securities in the event of alterations to the share capital of the issuer.
(7) The rights (if any) of the holders to participate in any distributions and/or offers of further securities made by the issuer.
(8) A summary of any other material terms of the company warrants or other convertible securities.
(9) The purpose for and use of proceeds of the issue, including the use of future proceeds arising from the conversion/exercise of the company warrants or other convertible securities.
(10) The financial effects of the issue to the issuer.