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Obligations of the Merchant Banker

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..... een made; (c) firm arrangements for monies for payment to fulfil the obligations under the offer are in place; (d) the public announcement of buy-back is made in terms of the regulations; (e) the letter of offer has been filed in terms of the regulations; (f) the merchant banker shall furnish to the Board a due diligence certificate which shall accompany the draft letter of offer; .....

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