Directed Share Program | Practical Law

Directed Share Program | Practical Law

This Note examines directed share programs, including their advantages and disadvantages and issues to be aware of when preparing the registration statement for the offering. This Note also discusses the communications by the issuer that are permitted under Rule 134, the indemnification provisions typically set out in the underwriting agreement, and guidelines for avoiding Securities Act violations when an issuer is conducting a directed share program.

Directed Share Program

Practical Law Practice Note 1-382-2518 (Approx. 7 pages)

Directed Share Program

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
This Note examines directed share programs, including their advantages and disadvantages and issues to be aware of when preparing the registration statement for the offering. This Note also discusses the communications by the issuer that are permitted under Rule 134, the indemnification provisions typically set out in the underwriting agreement, and guidelines for avoiding Securities Act violations when an issuer is conducting a directed share program.