What is the maximum percentage discount that can occur without needing shareholder approval for secondary offerings on premium listings?

In the context of secondary offerings on premium listings, the regulations allow for a discount on the shares being offered without requiring shareholder approval. A maximum percentage discount of 10% is specified as the threshold for these offerings.

This provision exists to facilitate the efficient execution of secondary offerings by allowing companies to raise capital more flexibly. A discount beyond this percentage would typically signal a significant deviation from the current market value, which could impact shareholder interests and thus necessitate their approval. Therefore, understanding this limit is crucial for companies engaging in capital-raising activities and for investors considering the implications of such discounts on their investments.