SCHEDULE 1: REGISTRATION DOCUMENT
1. INFORMATION ABOUT THE ISSUER
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | ||
1. INFORMATION ABOUT THE ISSUER | ||||||||||
1.1 | General information General information about the Issuer including: (a) the full legal name of the Issuer; (b) if different to the legal name, the full commercial name of the Issuer; (c) the legal form of the Issuer; (d) the country of incorporation of the Issuer and its incorporation number; (e) if domiciled in a jurisdiction outside the country of incorporation, the legislation under which the Issuer operates; (f) if registered in a place other than the country of incorporation, the place of registration of the Issuer and its registration number; (g) the date of incorporation and registration and the length of time the Issuer has remained incorporated or registered (or both) as is relevant. Where the Issuer has a fixed life, this must be stated together with the end date; and (i) if the Securities are asset backed Securities, a statement whether the Issuer has been established as a special purpose vehicle or entity for the purpose of issuing asset backed Securities. | √ | √ | √ | √ | √ | √ | √ | √ | |
1.2 | Investments Information about: (a) the Issuer's principal investments for each financial year for the period covered by the historical financial information up to the date of the Registration Document; (b) description, (including the amount) of the Issuer's principal investments for the period referred to in (a); and (c) a description of the Issuer's principal investments that are in progress, including the geographic distribution of these investments (home and abroad) and the method of financing (internal or external). | √ | √ | √ |
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2. OPERATIONAL FINANCIAL OVERVIEW
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | ||
2. OPERATIONAL FINANCIAL OVERVIEW | ||||||||||
2.1 | Actual and proposed business activities |
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| A detailed description of the actual and proposed principal operations of the Issuer including: |
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| (a) the history of the Issuer; | √ | √ | √ | √ | √ | √ | √ | ||
| (b) a description of the principal activities and business of the Issuer; | √ | √ | √ | √ | √ | √ | √ | √ | |
| (c) a description of important events in the development of the Issuer's business; | √ | √ | √ | √ | |||||
| (d) a description of, and key factors relating to, the nature of the Issuer's operations and its principal activities, specifying the main categories of products sold and/or services performed for each financial year for the period covered by the historical financial information; | √ | √ | √ | √ | √ | √ | √ | ||
| (e) an indication of any significant new products and/or services that have been introduced by the Issuer and, to the extent the development of new products or services has been publicly disclosed, the status of the development; | √ | √ | √ | √ | √ | √ | √ | ||
| (f) a description of the principal markets in which the Issuer operates, including a breakdown of total revenues by category of activity and geographic market for each financial year for the period covered by the historical financial information; | √ | √ | √ | √ | √ | ||||
| (g) if material to the Issuer's business or profitability, a summary of the extent to which the Issuer is dependent on any patents or licences, industrial, commercial or financial contracts or new manufacturing processes; | √ | √ | √ | √ | √ | √ | √ | ||
| (h) the basis for any statement made by the Issuer regarding its competitive position; | √ | √ | √ | √ | √ | √ | √ | ||
| (i) where the information given under this item has been influenced by exceptional factors, a statement about that fact; and | √ | √ | √ | √ | |||||
| (j) where the Issuer belongs to a Group, relevant material information as specified above in relation to the Group's activities. | √ | √ | √ | √ | |||||
2.2 | Significant factors affecting income/operations (a) Information regarding significant factors, including unusual or infrequent events or new developments, which are materially affecting or may likely to so affect the Issuer's income from operations, indicating the extent to which income was so affected. (b) Where the financial statements disclose material changes in net sales or revenues, a narrative discussion of the reasons for such changes. (c) Information regarding any governmental, economic, fiscal, monetary or political policies or factors that have materially affected, or could materially affect, directly or indirectly, the Issuer's operations. | √ | √ | √ |
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2.3 | Risk factors Prominent disclosure of risk factors that are specific to the Issuer and if relevant, its industry in a section headed "Risk Factors" containing information including: (a) the material risks associated with investing in the Issuer, and where applicable, any risks associated with the assets to be acquired using the proceeds of the offer; (b) the effect that the material risks may have on the Issuer together with a discussion of how the risk could affect the business, operating results and financial condition of the Issuer; (c) any steps proposed by the Issuer to mitigate or manage the risks; and (d) general and specific risks relating to the industry and the jurisdiction in which the Issuer operates. *not exceeding 15 risk factors (for REMS Shares) | √ | √* | √ | √ | √ | √ | √ | √ | |
2.4 | Production and sales trends |
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| (a) Information about the most significant recent trends in production, sales and inventory, and costs and selling prices since the end of the last financial year to the date of the Registration Document. | √ | √ | √ | √ | √ | √ | √ | ||
| (b) If: (i) there has been no material adverse change relating to the information referred to in (a) since the date of its last published financial statements, a statement to that effect; and (ii) the Issuer is not in a position to make such a statement, details of the material adverse change. |
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| (c) Information on any known trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on the Issuer's prospects for at least the past 12 months. | √ | √ | √ |
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3. CONSTITUTION AND ORGANISATIONAL STRUCTURE
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | |
3.1 | Constitution A summary of the provisions of the constitution of the Issuer including: (a) a description of the Issuer's objectives and purpose and where they can be found in the constitution; | √ | √ | √ |
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| (b) a summary of any provisions of the constitution with respect to its Directors and any Person involved in the senior management of the Issuer including the members of the administrative, management and supervisory bodies; (c) a description of the rights, preferences and restrictions attaching to each class of the existing Securities; (d) a description of what action is necessary to change the rights of holders of the Securities, indicating where the conditions are more significant than is required by any law applicable to the Issuer; (e) a description of the conditions governing the manner in which annual general meetings and extraordinary general meetings of holders of Securities are called including the conditions of admission to the meeting; (f) a brief description of any provision of the constitution that would have an effect of delaying, deferring or preventing a change in control of the Issuer; (g) an indication whether there are any provisions in the constitution, governing the ownership threshold above which shareholder ownership must be disclosed; (h) a description of the conditions imposed by the constitution governing changes in the capital, where such conditions are more stringent than is required by law applicable to the Issuer. | √ | √ |
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3.2 | Group Structure If the Issuer is a member of a Group, information about the Issuer's Groupincluding: |
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(a) identity of the material entities of the Issuer’s of the Group Structure; | √ | √ | √ | √ | √ | √ | √ | √ | |
(b) a brief description of the Groupexplaining the Issuer's position within the Group; | √ | √ | √ | √ | √ | √ | √ | √ | |
(c) the identity of the ultimate Holding Company of the Issuer and where it is domiciled; and | √ | √ | √ |
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(d) a list of significant Subsidiaries of the Issuer, including name, country of incorporation or domicile, proportion of ownership interest and, if different, proportion of voting power or other form of control held. | √ | √ | √ |
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4. ASSETS
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | ||
4. ASSETS | ||||||||||
4.1 | Property, plant and equipment Information about: (a) existing material fixed assets, including any leased properties, and any major encumbrances in respect of such assets; (b) planned acquisition of material fixed assets, including leased properties, and any major encumbrances in respect to those assets; and (c) a description of any environmental issues that may affect the Issuer's utilisation of the assets referred to in (a) and (b). | √ | √ | √ |
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4.2 | Material contracts Information about material contracts of the Issuer including: |
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| (a) a summary of each material contract (to the extent not disclosed under 5.1), other than contracts entered into in the ordinary course of business, to which the Issuer or any member of the Group is a party, for the two years immediately preceding publication of the Registration Document; and | √ | √ | √ | √ | √ | √ | √ | ||
| (b) a summary of any other contract (not being a contract entered into in the ordinary course of business) entered into by any member of the Groupwhich contains any provision under which any member of the Group has any obligation or entitlement which is material to the Group as at the date of the Registration Document. | √ | √ |
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5. CAPITAL
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | ||
5. CAPITAL | ||||||||||
5.1 | Capital resources (a) Information about the capital resources of the Issuer including: (i) the short and long term capital resources; (ii) an explanation of, the sources and amounts of, and a narrative description of, the cash flows; (iii) the borrowing requirements and funding structure; (iv) any restrictions on the use of capital resources that have materially affected, or could materially affect, directly or indirectly, its operations; (b) Information regarding the anticipated sources of funds needed to fulfil commitments relating to: (i) any existing or planned material tangible fixed assets, including leased properties, and any major encumbrances thereon; and (ii) any principal future investments to which the Board or the senior management of the Issuer have already made firm commitments. | √ | √ | √ |
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5.2 | Certificates In the case of an Issuer of Certificates, a summary of the Issuer's responsibilities and obligations in respect of the Certificates including the obligations and responsibilities in making certain payments as and when payments on the underlying Securities are received and any material information about the Issuer of the underlying Securities that may affect the Issuer's ability to meet its obligations. |
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5.3 | Share capital The following information as of the date of the most recent balance sheet included in the historical financial information of the Issuer: (a) The amount of issued share capital, and for each class of share capital: (i) the number of Shares authorised; (ii) the number of Shares, issued and fully paid, and issued but not fully paid; (iii) the par value per Share, or that the Shares have no par value; and | √ | √ | √ |
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| (iv) a reconciliation of the number of Shares outstanding at the beginning and end of the year. If more than 10% of capital has been paid for with assets other than cash within the period covered by the historical financial information, a statement to that effect. (b) If there are Shares not representing capital, the number and main characteristics of such Shares. (c) The number, book value and face value of Shares in the Issuer held by or on behalf of the Issuer itself or by Subsidiaries of the Issuer. (d) The amount of any convertible securities, exchangeable securities or securities with warrants, with an indication of the conditions governing and the procedures for conversion, exchange or subscription. (e) Information about and terms of any acquisition rights and or obligations over authorised but unissued capital or an undertaking to increase the capital. (f) Historical information about the share capital highlighting any changes for the period covered by the historical financial information. | √ | √ |
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5.4 | Options If any options or other rights granted in respect of Shares in the Issuer to any Person, a summary of the total of any such options, along with an estimate of the number of Shares which would be created, if such rights were to be exercised. | √ | √ | √ |
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6. MANAGEMENT OF THE ISSUER
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | |||
6. MANAGEMENT OF THE ISSUER | |||||||||||
6.1 | Details relating to directors and senior managers ("Key Persons") (a) names, business addresses, functions and principal activities carried out by the following Persons (“Key Persons”), including outside that of the Issuer where such functions are significant with respect to the activities of the Issuer: (i) the Directors of the Issuer; (ii) the Directors of the ultimate Holding Company of the Issuer, if any; (iii) the members of the senior management (senior managers) of the Issuer and, if they are also Directorsof the Issuer, their respective responsibilities as Directors and as a member of the senior management of the Issuer; (iv) founding members, if the Issuer has been established for fewer than five years; and (v) any senior manager who is relevant to establishing that the Issuer has the appropriate expertise and experience for the management of the Issuer's business. (A reference to a Director in the case of a Limited Partnership should be read as a reference to a General Partner of the partnership.) | √ | √ | √ | √ | √ | √ | √ | √ | ||
| (b) The nature of any family or business relationship between any of the Key Persons | √ | √ | √ |
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| (c) Except for the category of Person in item (a)(iv) above, details of each of the Key Person's relevant management expertise and experience and the following information: (i) the names of all companies and partnerships in which such Personhas been a member of a Board or involved in the senior management of in the previous five years, indicating whether or not the Person still holds such position. It is not necessary to list all the Subsidiaries of an Issuer of which the Person is also a member of the Board or involved in the senior management; (ii) the history of all convictions relating to fraud, wrongful trading, defaults, antitrust violations and any other financial crimes; (iii) details of any bankruptcies, receiverships or liquidations of another entity with which a Person described in item (a)(iii) and (vi) was associated with for at least the previous five years when acting in a similar capacity; (iv) details of any official public incrimination and/or sanctions of such a Person by statutory or regulatory authorities (including designated professional bodies) and whether such a Person has ever been disqualified by a court from acting as a Director or from acting in the senior management of, or conduct the affairs of, any Issuer for at least the previous five years; and (v) if there is no such information to be disclosed pursuant to (i) – (iv), a statement to that effect. | √ | √ √ √ | √ |
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| (d) If there is a potential conflict of interests between the personal interests of any Key Person and that of the duties such Persons owed to the Issuer or interests of the Issuer, details of such conflict of interests and, if there are no such conflicts, a clear statement to that effect. | √ | √ | √ | √ | √ | √ | √ | |||
| (e) Information about any arrangement or understanding with major shareholders, customers, suppliers or others, pursuant to which any Key Person was selected as a Directoror senior manager of the Issuer. | √ | √ | √ |
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| (f) Details relating to any restrictions agreed by a Key Person on the disposal within a certain period of time of his holdings in the Issuer's Securities. | √ | √ | √ |
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6.2 | Other information relating to key Persons (a) For the last completed financial year of the Issuer, information relating to each Key Person about: (i) the amount of remuneration paid (including any contingent or deferred compensation), and benefits in kind granted to such Persons by the Issuer and its Subsidiaries for services in all capacities to the Issuer and its Subsidiaries; and (ii) the total amounts set aside or accrued by the Issuer or its Subsidiaries to provide pension, retirement or similar benefits. (b) For the last completed financial year of the Issuer: (i) the date of expiration of the current term of office, if applicable, and the period during which the Person has served in that office of each Key Person specified in (a)(i) — (iii); (ii) information about any service contracts with a Key Person and the Issuer or any of its Subsidiariesproviding for benefits upon termination of employment, and if there are no such contracts, a statement to that effect; | √ | √ |
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| (iii) information about the Issuer's audit committee, nomination committee and remuneration committee, if any, including the names of committee members and a summary of the terms of reference under which the committee operates; and (iv) statements as to whether or not the Issuer is complying with any corporate governance regime in its country of incorporation or domicile and if so whether or not such a regime is compatible with the corporate governance regime under MAR. In the event an Issuer does not comply with a regime of corporate governance applicable in the country of its incorporation or domicile, a statement to that effect, together with an explanation regarding why the Issuer does not comply with such a regime. | √ | √ | √ |
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6.3 | Information about Employees Information relating to the following: (a) either: (i) the number of Employees at the end of each period covered by the historical financial information; or (ii) the average for each financial year for the period covered by the historical financial information up to the date of the Registration Document (and changes in such numbers, if material); and (b) If the Issuer employs a significant number of temporary Employees, the number of temporary Employees on average during the most recent financial year; and (c) a breakdown of the Employees by main category of activity and geographic location to the extent practicable and material. | √ | √ |
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7. FINANCIAL INFORMATION ABOUT THE ISSUER
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | ||
7. FINANCIAL INFORMATION ABOUT THE ISSUER | ||||||||||
7.1 | Historical financial information about the Issuer (a) Historical financial information covering the latest 3 financial years (or such shorter period that the Issuer has been in operation) where such information in respect of each year is: (i) prepared in accordance with the International Financial Reporting Standards (IFRS) or any other standards acceptable to the AFSA; (ii) audited in accordance with the standards of the International Auditing and Assurance Standards Board(IAASB) or other standards acceptable to the AFSA; and (iii) independently audited or reported on as to whether or not, for the purposes of the Registration Document, it gives a true and fair view, in accordance with the applicable auditing standards referred to in (ii) above; and | √ | √ |
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(a.1) Historical financial information covering the latest 1 financial year where such information is: (i)prepared in accordance with the International Financial Reporting Standards (IFRS) or any other standards acceptable to the AFSA; (ii)audited in accordance with the standards of the International Auditing and Assurance Standards Board(IAASB) or other standards acceptable to the AFSA; and (iii) independently audited or reported on as to whether or not, for the purposes of the Registration Document, it gives a true and fair view, in accordance with the applicable auditing standards referred to in (ii) above; and | √ | |||||||||
| (b) Historical financial information covering the latest 2 financial years (or such shorter period that the Issuer has been in operation) where such information in respect of each year is: (i) prepared in accordance with the International Financial Reporting Standards (IFRS) or any other standards acceptable to the AFSA; (ii) audited in accordance with the standards of the International Auditing and Assurance Standards Board(IAASB) or other standards acceptable to the AFSA; and (iii) independently audited or reported on as to whether or not, for the purposes of the Registration Document, it gives a true and fair view, in accordance with the applicable auditing standards referred to in (ii) above; and |
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| (c) In respect of the last year of audited financial information included, such information not being older than one of the following: (i) 18 months from the date of the Registration Document if the Issuer includes audited interim financial statements in the Registration Document; or (ii) 15 months from the date of the Registration Document if the Issuer includes unaudited interim financial statements in the Registration Document. (d) A statement that the historical financial information has been audited. (e) If the audit reports on the historical financial information have been refused by the auditors or if they contain qualifications or disclaimers, reproduction of such refusal, qualifications or disclaimers in full and the reasons given. (f) If any other information in the Registration Document has been audited by the auditors, a statement to that effect. (g) If any financial data in the Registration Document is not extracted from the Issuer's audited financial statements, statements as to the source of the data and that the data is unaudited. (h) If since the date of the Issuer's last audited financial statements quarterly or half yearly financial information has been published, such statements including: (i) if the quarterly or half yearly financial information has been reviewed or audited, the audit or review report; or (ii) if the quarterly or half yearly financial information is unaudited or has not been reviewed, a statement to that effect. (i) If the Registration Document is dated more than nine months after the end of the last audited financial year, interim financial information: (i) covering at least the first six months of the financial year; (ii) including comparative statements for the same period in the prior financial year (except that the requirement for comparative balance sheet information may be satisfied by presenting the years end balance sheet); and (iii) if unaudited, a statement to that effect. (j) If the Issuer prepares both own and consolidated annual financial statements, at least the consolidated annual financial statements. (k) A description of any significant change in the financial or trading position of the group which has occurred since the end of the last financial period for which either audited financial information or interim financial information have been published, or an appropriate negative statement. | √ | √ | √ | √ | √ | √ | √ | √ | |
7.2 | Profit forecasts If an Issuer chooses to include a profit forecast or a profit estimate in the Registration Document: (a) information about the principal assumptions upon which the Issuer has based its forecast or estimate: (i) in a manner readily understandable by investors and prepared on a basis comparable with the historical financial information; and (ii) showing a clear distinction between assumptions about factors which the Board or senior management of the Issuer can influence and assumptions about factors which are exclusively outside the influence of such Persons; (b) a report prepared by independent accountants or auditors stating that in the opinion of the independent accountants or auditors, the forecast or estimate has been properly compiled on the basis stated and that the basis of accounting used for the profit forecast or estimate is consistent with the accounting policies of the Issuer; and (c) If a profit forecast in a Prospectushas been previously published, a statement setting out whether or not that forecast is still correct as at the time of the Registration Document or if the forecast is no longer valid, an explanation of why that is the case. | √ | √ | √ | √ | √ | √ | √ | √ |
8. OTHER INFORMATION RELATING TO THE ISSUER
9. RESPONSIBILITY FOR THE CONTENT OF PROSPECTUS
CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT | Shares | REMS Shares | Warrants over Shares | Debentures | Warrants over Debentures | Certificates over Shares | Certificates over Debentures | Structured Products | ||
9. RESPONSIBILITY FOR THE CONTENT OF PROSPECTUS | ||||||||||
9.1 | Responsibility Statement A Responsibility Statement that: (a) the Prospectus complies with the requirements in Section 69 of the Framework Regulations and Part 1 of MAR; (b) sets out the details of the Personsresponsible for the Prospectuspursuant to MAR 1.9, and in particular: (i) where a Person responsible is a natural person, indicates the name and function of that Person; and (ii) where a Person responsible is a Body Corporate or other legal person, indicates the name and registered office of that Person; and (c) includes a declaration, from each Person responsible for the Prospectus, or for certain parts of it, pursuant to MAR 1.9, that having taken all reasonable care to ensure that such is the case, the information contained in the Prospectus is, to the best of their knowledge, in accordance with the facts and contains no omission likely to affect its import. | √ | √ | √ | √ | √ | √ | √ | √ | |
9.2 | Expert opinions included in a prospectus |
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| (a) If any Expert's opinion, statement or report ("report") is included in the Prospectus : | √ | √ | √ | √ | √ | √ | √ | √ | |
| (i) the name, business address and professional qualifications of the Expert responsible for the report and the date on which the Expert report was made or produced; | √ | √ | √ | √ | √ | √ | √ | √ | |
| (ii) Information relating to any material interests of the Expert in the Issuer such as any benefit or fees paid to the Expert by the Issuer or a related company, positions held or to be held by the Expert in the Issuer or a related company, investments held or to be held by the Expert in the Issuer or a related company, fees and commissions paid or to be paid to the Expert or Persons associated with the Expert; and | √ | √ | √ |
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| (iii) if the report has been produced at the Issuer's request, a statement to that effect and that the report is included, in the form and context in which it is included, with the consent of the Expert. | √ | √ | √ | √ | √ | √ | √ | √ | |
| (b) Where information has been sourced from an Expert or other third party, the source of such information and confirmation by the Issuer that the information has been accurately produced and that as far as the Issuer is aware and is able to ascertain from the information published by that Expert or third party, that no facts have been omitted which would render the reproduced information inaccurate or misleading. | √ | √ | √ | √ | √ | √ | √ | √ | |
9.4 | Special categories of companies If the Issuer is a special category of company, such as a property, or scientific research company, or a start up company (a company with less than 3 year track record), a report by an Expert on the assets or rights owned by the Issuer prepared at a date which shall be no later than 6 (six) months before the date of the Prospectus. | √ | √ |
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(a.1) If the Issuer is a mineral or petroleum company, a report by an Expert on the status of exploration, development and production, and assessments of reserves and resources of the Issuer’s projects, prepared at a date which shall be no later than 6 (six) months before the date of the Prospectus or older as may be reasonably determined by Authorised Investment Exchange | √ | √ |
10. DOCUMENTS ON DISPLAY
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CONTENTS OF PROSPECTUS — REGISTRATION DOCUMENT |
Shares |
REMS Shares |
Warrants over Shares |
Debentures |
Warrants over Debentures |
Certificates over Shares |
Certificates over Debentures |
Structured Products |
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10. DOCUMENTS ON DISPLAY |
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10.1 |
Documents for inspection
A statement that the following documents, in original or copy form, where applicable, may be inspected:
(a) the constitution of the Issuer;
(b) the historical financial information of the Issuer; and
(c) any information produced by an expert at the Issuer's request, any part of which is included or referred to in the Registration Document. |
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10.2 |
Details
The details of how the documents referred to in 10.1 may be inspected. |
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* In the case of a Prospectus relating to a Security Token the Registration Document must include the additional content information set out in Schedule 4.