General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 13d-6 -- Exemption of Certain Acquisitions
The acquisition of securities of an issuer by a person who, prior to such acquisition,
was a beneficial owner of more than five percent of the outstanding securities of
the same class as those acquired shall be exempt fromsection
13(d) of the Act, provided,that:
The acquisition is made pursuant to preemptive subscription
rights in an offering made to all holders of securities of the class to which the
preemptive subscription rights pertain;
Such person does not acquire additional securities
except through the exercise of his pro rata share of the preemptive subscription
rights; and
The acquisition is duly reported, if required, pursuant
tosection 16(a) of the Act and the rules and
regulations thereunder.
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