Document background
The Preliminary Offering Memorandum is a crucial document used in the early stages of a securities offering in Ireland, providing potential investors with preliminary information about the investment opportunity while maintaining appropriate disclaimers about its non-final nature. It serves as a marketing and disclosure document that must comply with both Irish domestic legislation and EU regulations, including the Prospectus Regulation and Market Abuse Regulation. The document is typically used before the final offering memorandum or prospectus is prepared and approved by regulators, allowing issuers to gauge market interest and gather feedback from potential investors. It contains detailed information about the issuer's business, financial condition, risk factors, management, and the proposed terms of the offering, while clearly indicating its preliminary status and that the information contained may be subject to change.
