The Takeovers (Amendment) (EU Exit) Regulations 2019

Amendments to the Companies Act 2006

11.  In section 971(1)—

(a) omit the definitions of “offeror” and “takeover bid”;

(b) at the appropriate place, insert—

““offeror”, in relation to a takeover bid, means the person making the bid;”;

(c) at the appropriate place, insert—

““takeover bid” has the meaning given by paragraph 20(1) of Schedule 1C;”;

(d) in the definition of “offer period”, for the words from “giving effect to Article 7.1” to the end substitute “made in accordance with paragraph 13 of Schedule 1C;”;

(e) omit the definition of “the Takeovers Directive”.