Document ID: chunk:federal_register_of_legislation:F2020L01066:body:0:p2
Version: federal_register_of_legislation:F2020L01066
Segment Type: other
Provision Reference: 
Character Range: 2579–5388

the body to holders of the body's securities about the initial public offer provided the advertisement or publication is limited to the following matters (if applicable) but nothing more:
(a) the fact that the body will be undertaking the initial public offer, including any impending announcements about the offer;
(b) the timetable, structure and offer period for the initial public offer, including any changes or updates;
(c) any sell-down facility, including the process and implications of participating in the sell-down facility, and the expected price range of securities to be transferred through the sell-down facility;
(d) any proposed escrow arrangements that will apply to the securities in the body after the initial public offer is complete; and
(e) matters that require the approval of security holders in connection with the initial public offer, including the appointment of officers and directors of the body, and employee incentive schemes.
Employees of the body
(4) The body does not have to comply with subsection 734(2) of the Act in relation to an advertisement or a statement published by the body to employees of the body about the initial public offer provided the advertisement or publication is limited to the following matters (if applicable) but nothing more:
(a) the fact that the body will be undertaking the initial public offer, including any impending announcements about the offer;
(b) the timetable, structure and offer period for the initial public offer, including any changes or updates;
(c) changes associated with the body intending to be a listed body, including changes to:
              (i) personnel and employment arrangements;
              (ii) internal management and proceedings of the body; and
              (iii) the financial, business and operations of the body;
(d) any employee incentive plans, including the treatment of existing securities and option plans and any associated changes;
(e) any employee priority offers under the initial public offer.
Former employees of the body
(5) The body does not have to comply with subsection 734(2) of the Act in relation to an advertisement or a statement published by the body about the initial public offer to former employees of the body about the initial public offer provided the advertisement or publication is limited to the following matters (if applicable) but nothing more:
(a) the fact that the body will be undertaking the initial public offer;
(b) the treatment of existing securities and options plans, and any associated remuneration arrangements relating to the former employee's outstanding remuneration.

6 Conditions
    The body must have adequate arrangements in place to ensure that any advertisement or statement published in reliance on the exemption in section 5 is kept up-to-date.