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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 39

Exclusion of s.38 and relaxation of Third Schedule in case of certain prospectuses.

39.(1) Where

(a)it is proposed to offer any shares in or debentures of a company to the
public by a prospectus issued generally (that is to say, issued to persons who
are not existing members or debenture holders of the company); and

(b)application is made to a prescribed stock exchange for permission for those
shares or debentures to be [listed] on that stock exchange;

(2) If a certificate of exemption is given, and if the proposals aforesaid are
adhered to and the particulars and information required to be published in
connection with the application for permission made to the stock exchange are
so published, then

(a)a prospectus giving the particulars and information aforesaid in the form
in which they are so required to be published shall be deemed to comply with
the requirements of the Third Schedule; and

(b)section thirty-eight shall not apply to any issue, after the permission
applied for is granted, of a prospectus or form of application relating to the
shares or debentures.

© 1960 Crown Copyright

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