The Takeovers (Amendment) (EU Exit) Regulations 2019

Amendments to the Companies Act 2006

This section has no associated Explanatory Memorandum

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”.