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Companies Act 2006

971Interpretation of this ChapterU.K.
This section has no associated Explanatory Notes

(1)In this Chapter—

  • F1...

  • [F2“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—

    (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—

    (a)

    an opting-in resolution has effect, and

    (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);

  • [F4“takeover bid” has the meaning given by paragraph 20(1) of Schedule 1C;]

  • F5...

  • “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.

Textual Amendments

Modifications etc. (not altering text)

C1Ss. 966-973 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 14(1) (with transitional provisions and savings in regs. 7, 9, Sch. 2)