184.3 Effect on take-over bids

Where a takeover bid is made for an opted-in company, any agreement is invalid in so far as it places any restriction on1:

  1. 184.3.1

        the transfer to the offeror (or to another person at his direction) of shares in the company during the offer period;

  2. 184.3.2

        the transfer of shares in the company to any person at a time during the offer period when the offeror holds shares carrying not less than 75% in value of all the voting shares in the company2;

  3. 184.3.3

        rights to vote at any general meeting of the company (including

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial