Issuers

A financial transaction is a transaction involving the sale or purchase of financial instruments by an initiator to the public or a counterparty. It can be performed either on an organized market or over the counter. Initiators willing to conduct a financial transaction are required to draw up a prospectus which, prior to its public disclosure, must be generally approved by the AMMC. The Financial transactions conducted in the financial market requiring prior approval from the AMMC are as follows: Public offerings related to equity or debt securities. These transactions may concern capital increases, IPOs, issuance of debt securities such as bonds, convertible or redeemable common stock; Public offerings concerning securities of listed companies on the stock market. Public offers can be takeover bids, exchange offers, mixed public offerings (containing a partial settlement offer by securities and cash payment) or public offering of withdrawal. Prior to approval of...