C6C4C5C3Part 28Takeovers etc

Annotations:
Modifications etc. (not altering text)
C4

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C1Chapter 2Impediments to takeovers

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Modifications etc. (not altering text)

Supplementary

C2971Interpretation of this Chapter

1

In this Chapter—

  • F2...

  • F5“offeror”, in relation to a takeover bid, means the person making the bid;

  • “offer period”, in relation to a takeover bid, means the time allowed for acceptance of the bid by—

    1. a

      rules under section 943(1) F3made in accordance with paragraph 13 of Schedule 1C;

  • “opted-in company” means a company in relation to which—

    1. a

      an opting-in resolution has effect, and

    2. b

      the conditions in section 966(2) and (4) continue to be met;

  • “opting-in resolution” has the meaning given by section 966(1);

  • “opting-out resolution” has the meaning given by section 966(5);

  • F1“takeover bid” has the meaning given by paragraph 20(1) of Schedule 1C;

  • F4...

  • “voting rights” means rights to vote at general meetings of the company in question, including rights that arise only in certain circumstances;

  • “voting shares” means shares carrying voting rights.

2

For the purposes of this Chapter—

a

securities of a company are treated as shares in the company if they are convertible into or entitle the holder to subscribe for such shares;

b

debentures issued by a company are treated as shares in the company if they carry voting rights.