PRM 2.5 Prospectus summary

(1) Subject to (2), a summary is required for every prospectus, whether drawn up as a single document or separate documents.

(2) A summary is not required where the prospectus relates to the admission to trading of non-equity securities.

A summary should read as an introduction to the prospectus. When read together with the other parts of a prospectus, whether drawn up as a single document or as component parts, it should aid investors in considering whether to invest in the transferable securities by providing key information on the nature and risks of:

(1) the issuer;

(2) the guarantor; and

(3) the transferable securities that are being admitted to trading.

A summary must be:

(1) accurate, fair, clear and not misleading; and

(2) consistent with the other parts of the prospectus.

The summary may contain cross-references to other parts of the prospectus but cannot incorporate information by reference.

The detailed format and content requirements for a summary are available at PRM App 1 Annex 2 (Prospectus summary).