ADVOKS GLOBAL · KENYA
The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
24. Additional information in an information memorandum
Edition: 2023-12-15 · In force
24. Additional information in an information memorandum
(1)In addition to the information required to be disclosed under regulations 19 and 23, an information memorandum shall contain all such information as investors would reasonably require, and reasonably expect to find in the memorandum, for the purpose of making an informed assessment of—(a)the assets, liabilities, financial position, profits, losses and prospects of the issuer of the securities; and(b)the rights attaching to the securities being offered.(2)The additional information under subregulation (1) shall be such information as is within the knowledge of any person responsible for the information memorandum or which it would be reasonable for him or her to obtain by making diligent enquiries.(3)In determining what information is required to be included in an information memorandum under this regulation, regard shall be had to the nature of the securities and offeror of the securities.(4)The Authority and securities exchange may require additional information to be included in an information memorandum if it is in the interests of investors for such information to be in the information memorandum.