(1) The obligation to publish a prospectus under Regulation 12 shall not apply to an offer of securities in the State falling within one or more of the following subparagraphs:
(a) an offer of securities addressed solely to qualified investors,
(b) an offer of securities addressed to fewer than 150 natural or legal persons, other than qualified investors,
(c) an offer of securities addressed to investors who acquire securities for a total consideration of at least €100,000 per investor, for each separate offer,
(d) an offer of securities whose denomination per unit amounts to at least €100,000,
(e) without prejudice to Regulation 8(5), an offer of securities with a total consideration in the European Union of less than €5,000,000, which shall be calculated over a period of 12 months, where the offer is not subject to notification in accordance with Regulation 56.
(2) Any subsequent resale of securities which were previously the subject of an offer described in paragraph (1)