
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 975


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/12/2020.
Changes to legislation:
Companies Act 2006, Section 975 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
975Shares already held by the offeror etcU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)The reference in section 974(2) to shares already held by the offeror includes a reference to shares that he has contracted to acquire, whether unconditionally or subject to conditions being met.
This is subject to subsection (2).
(2)The reference in section 974(2) to shares already held by the offeror does not include a reference to shares that are the subject of a contract—
(a)intended to secure that the holder of the shares will accept the offer when it is made, and
(b)entered into—
(i)by deed and for no consideration,
(ii)for consideration of negligible value, or
(iii)for consideration consisting of a promise by the offeror to make the offer.
(3)In relation to Scotland, this section applies as if the words “by deed and” in subsection (2)(b)(i) were omitted.
(4)The condition in section 974(2) is treated as satisfied where—
(a)the offer does not extend to shares that associates of the offeror hold or have contracted to acquire (whether unconditionally or subject to conditions being met), and
(b)the condition would be satisfied if the offer did extend to those shares.
(For further provision about such shares, see section 977(2)).
Modifications etc. (not altering text)
Yn ôl i’r brig