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PART 3 THE SECURITIES TO WHICH THE PROSPECTUS RELATES AND THE OFFER
2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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PART 3
THE SECURITIES TO WHICH THE PROSPECTUS RELATES AND THE OFFER

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    9.   A description of the securities being offered, including the class to which they belong and a description of the rights attaching to them including where applicable—

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      (a)     if the securities are shares, rights as regards—

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        (i)     voting,

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        (ii)     dividends,

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        (iii)     return of capital on the winding up of the issuer,

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        (iv)     redemption and a summary of the consents necessary for the variation of any of those rights;

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      (b)     if the securities are debentures, rights as regards—

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        (i)     interest payable,

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        (ii)     repayment of principal.

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    10.   The dividend policy of the issuer, and in particular whether it has paid dividends within the last 5 years and, if so, how much and when, and whether the issuer expects to pay dividends over the next 2 years.

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    11.   The dates if any, on which entitlement to dividends or interest arises.

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    12.   The procedure for the exercise of any right of pre-emption attaching to the securities.

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    13.   Any restriction on the free transferability of the securities being offered.

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    14.  

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      (1)     A statement as to whether—

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        (a)     the securities being offered have been admitted to dealings on a licensed securities exchange; or

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        (b)     an application for such admission has been made.

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      (2)     If no application for dealings has been made, or an application has been made and refused, a statement as to whether or not there are, or are intended to be, any other arrangements for there to be dealings in the securities and, if there are, a brief description of the arrangements.

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    15.   The purpose for which the securities are being issued.

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    16.   The number of securities being issued.

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    17.   The number of securities being offered.

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    18.   The total proceeds expected to be raised by the offer and the expected net proceeds, after deduction of the expenses, of the offer.

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    19.   Details as to the use of the proceeds of the issue and in particular their use for capital expenditure, debt reduction, acquisitions, working capital or other.

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    20.   Where the prospectus relates to shares which are offered for subscription, particulars as to—

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      (a)     the minimum amount which, in the opinion of the directors of the issuer, must be raised by the issue of those shares in order to provide the sums or, if any part of them is to be defrayed in any other manner, the balance of the sums, required to be provided in respect of each of the following:

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        (i)     the purchase price of any property purchased, or to be purchased, which is to be defrayed in whole or in part out of the proceeds of the issue,

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        (ii)     any preliminary expenses payable by the issuer and any commission so payable to any person in consideration of his or her agreeing to subscribe for, or of his or her procuring or agreeing to procure subscriptions for, any shares in the issuer,

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        (iii)     the repayment of any money borrowed by the issuer in respect of any of the foregoing matters,

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        (iv)     working capital; and

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      (b)     the amounts to be provided in respect of the matters mentioned otherwise than out of the proceeds of the issue and the sources out of which those amounts are to be provided.

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    21.   The names of any persons underwriting or guaranteeing the offer.

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    22.   The amount or the estimated amount of the expenses of the offer and by whom they are payable, including a statement as to any commission payable by the issuer to any person in consideration of his or her agreeing to subscribe for securities to which the prospectus relates or of his or her procuring or agreeing to procure subscriptions for the securities.

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    23.   The names and addresses of the paying agents if any.

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    24.   The period during which the offer of the securities is open.

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    25.   The price at which the securities are offered or, if appropriate, the procedure, method and timetable for fixing the price.

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    26.   The arrangements for payment for the securities being offered and the arrangements and timetable for their delivery.

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    27.   The arrangements during the period prior to the delivery of the securities being offered relating to the moneys received from applicants including the arrangements for the return of moneys to applicants where their applications are not accepted in whole or in part and the timetable for the return of the monies.

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