BLAW20001 Lecture Notes - Lecture 9: Takeover, Unsecured Creditor, Trading While Insolvent

• School: University of Melbourne
• Department: Business Law
• Course: BLAW20001
• Professor: Helen Anderson

Document Summary

Be ware of the restrictions imposed by law on the types of people to whom the shares can be offered 19-440 co. &their participants & advisers must apply with the ca requirements for new share issue 19-500, 19-520. Co. must notified detail of shares (s 254x) to asic within one month after a new share issue is made. For list co. also must notify to asx. Types of share issues: initial public offering or new float. A new issue of shares/sale existing shares on a large, public scale. Generally coinciding with an application to list co. on the asx: private placement. Issuing of large parcel of shares to a small number of investors (ie, financial institutions/ venture capitalists). Placement has a slight discount to current market price: right issues. It is a(cid:374) issue of sha(cid:396)es (cid:373)ade to the (cid:272)o. (cid:859)s e(cid:454)isting m pro rata (in proportion) to their shareholding at the time of the offer.