| Commentary

209.1 Extension of offer

| Commentary

209 Acceptance condition not satisfied at the first closing date: offeror not in control

209.1 Extension of offer

If the offeror has not received sufficient acceptances by the first closing date to result in it holding offeree shares carrying more than 50% of the voting rights, the offeror has a choice. It may either let the offer lapse or grant an extension. In either case, the offeror must make an appropriate announcement by 8.00 am at the latest on the next business day after the first closing date, setting out the same information relating to level of acceptances as is required

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