Section 79: General and restricted invitations to the public.

(1) Except as provided in section 76 of this Act, where a public company invites the public to acquire its securities, the prospectus referred to in section 77 of this Act shall state the matters specified in Part I of the Third Schedule to this Act and set out the report specified in Part II of the same Shedule.
(2) Subsection (1) of this section shall not apply to an invitation by a company in respect of its shares:
(a) made solely to the existing shareholders of that company; or
(b) which in all respects is uniform with its existing listed shares.
(3) A prospectus relating to any invitation to the public to acquire or dispose of any securities of a public company, being an invitation not falling within subsection (1) of this section, either because it does not invite the public to acquire any securities or because it is excluded from the ambit of that subsection, may not state all the matters or set out the reports specified in the Third Schedule to this Act but shall not contain any untrue statement, and if the securities to which it relates are dealt in on any securities exchange or capital trade point or if application has been, or is being made to a securities exchange or capital trade point for permission to deal in those securities the prospectus shall:
(a) state that the securities to be dealt in on that securities exchange or capital trade point or, as the case may be, that application has been or is to be made for permission for the securities to be dealt in on that securities exchange or capital trade point;
(b) state whether or not that securities exchange or capital trade point is an approved securities organisation within the meaning of this Act; and
(c) contain the particulars and information required by that securities exchange or capital trade point, and in any other case, shall state that the securities are not dealt in on any securities exchange or capital trade point.
(4) An invitation falling within subsection (1) of this section shall, hereafter in this Act be described as a "general invitation" and an invitation falling within subsection (2) of this section shall, hereafter in this Act be described as a "restricted invitation".