||Rules 6A.44, 6A.45, 6A.46(2) and 6A.48 are additional requirements applicable only to placings of equity securities that fall under rule 6A.39(1)(a)(i) above.
||For the avoidance of doubt, requirements under rule 6A.39 are not applicable to:
||bilateral agreements or arrangements between the issuer and the investors (also referred to as “club deals”);
||transactions where only one or several investors are involved and the terms of the offering are negotiated and agreed directly between the issuer and the investors (also referred to as “private placements”); and
||transactions where equity securities are allocated to investors on a pre-determined basis at a pre-determined price.