Paragraph 3 F1

(1)

The prospectus must state—

(a)

the time of the opening of the subscription lists, and

(b)

the amount payable on application and allotment on each share (including the amount, if any, payable by way of premium).

(2)

In the case of a second or subsequent offer of shares, there must also be stated the amount offered for subscription on each previous allotment made within the 2 preceding years, the amount actually allotted and the amount (if any) paid on the shares so allotted, including the amount (if any) paid by way of premium.

Annotations

Textual amendments

F1: Sch. 3 repealed by Financial Services Act 1986 (c. 60, SIF 69), s. 212(3), Sch. 17 Pt. I (the repeal being or coming into force as mentioned in S.I. 1986/2246, art. 5, Sch. 4, 1988/1960, art. 4 (as amended) and S.I. 1988/2285, art. 5 and being otherwiseprosp.)

Notes on Schedule 3

Textual amendments

F1: Schs. 1-15B repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16 and the repeal being partly in force, as to which see individual provisions

Modifications

C1: Sch. 3 applied with modifications by S.I. 1985/680, regs. 4–6, Sch.
C2: Sch. 3 modified by S.I. 1991/823, reg. 2(1), Sch.1