Regulation 3

1. The nature and amount of the shares and the nature of any rights to be offered.

2. The time at which the offer will be made.

3. The descriptions of persons to whom and the manner in which the shares or rights will be offered.

4. The principal rights that will be attached to any shares to which the offer relates.

5. The market value of, and dividends paid or to be paid in respect of, the shares, as follows -

(a) where such shares are not quoted on any stock market at the date of the transfer statement and are not preference shares, the estimated market value of the shares as if they had been issued on the date of the particulars of the financial position of the society referred to in paragraph 4 of Part I of this Schedule;

(b) where such shares are not quoted on any stock market at the date of the transfer statement and are preference shares, (i) the intended price of the shares, and (ii) the basis for determining the guaranteed rate of preference dividend to be paid to the holders of such shares;

(c) where such shares are quoted on any stock market at the date of the transfer statement -