The Takeovers Directive (Interim Implementation) Regulations 2006

Interpretation

11.—(1) In this Schedule—

“the company” means the company whose shares are the subject of the offer;

“date of the offer” means—

(a)

the date of publication; or

(b)

where any notices of the offer are given before the date of publication, the date when notices of the offer (or the first such notices) are given;

“non-voting shares” means shares that are not voting shares;

“the offeror” means, subject to paragraph 7, the person making a takeover offer.

(2) For the purposes of this Schedule a person contracts unconditionally to acquire shares if his entitlement under the contract to acquire them is not (or is no longer) subject to conditions or if all conditions to which it was subject have been met.

A reference to a contract becoming unconditional is to be construed accordingly.