972 Transitory provision
Companies Act 2006 | Legislation

972  Transitory provision

(1)     Where a takeover bid is made for an opted-in company, section 368 of the Companies Act 1985 (c 6) (extraordinary general meeting on members' requisition) and section 378 of that Act (extraordinary and special resolutions) have effect as follows until their repeal by this Act.

(2)     Section 368 has effect as if a members' requisition included a requisition of a person who—

(a)     is the offeror in relation to the takeover bid, and

(b)     holds at the date of the deposit of the requisition shares amounting to not less than 75% in value of all the voting

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