The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023

29. Short form prospectus

Edition: 2023-12-15 · In force

29. Short form prospectus

(1)A person who intends to make a restricted public offer shall submit a short-form prospectus to the Authority for approval.

(2)The short-form prospectus shall be in the form set out in the Fourteenth Schedule and include—

(a)the name of issuer;

(b)a summary of description of business;

(c)a summary of description of issue;

(d)a disclosure of documents incorporated by reference in relation to the financial affairs of the entity or any significant matter as required for a full prospectus;

(e)the number, price and type of securities;

(f)conditions of the issue, if any;

(g)a detailed schedule of use of the proceeds;

(h)a description of securities and rights thereto;

(i)completed and ongoing acquisitions in the preceding two years;

(j)a description of any underwriting arrangement and if the underwriter has any conflict of interest;

(k)any other material information; and

(l)any other information that the Authority may direct.

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Source: Kenya Law