Stabilisation Clause
Type
Practical Guidance
Document type
Precedent
Date
5 Jun 2024
Jurisdiction
Kuwait
Taxonomy
Financial Services & Activities, Acquisition Finance
Copyright
LexisNexis
Clause
In connection with this issue/offer, name of stabilisation manager OR any person acting for them may over-allot or effect the transactions with a view to support the market price of insert description of relevant securities and any associated investments at a higher level which might otherwise prevail for a limited period after the issue date. However, there may be no obligation on name of stabilisation manager OR any of their agents to do this. Such stabilising, if commenced, may be discontinued at any time, and must be brought to an end after a limited period.