# The Public Offers and Admissions to Trading Regulations 2023, Paragraph 7


An offer of shares in substitution for shares of the same class already issued, if the issuing of the new shares does not involve any increase in the issued share capital.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348254235/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-public-offers-and-admissions-to-trading-regulations-2023/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.