PRU A6.8.4

For the purposes of Rule A6.8.3(b), an Authorised Person must treat Securities as being new if they are:

(a) Securities that, prior to the allotment following the Underwriting, were not in issue; or
(b) Securities that have not previously been offered for sale or subscription to the public and have not been admitted to trading on a market operated by a Recognised Body or an overseas investment exchange.