985 Effect of requirement under section 983
Companies Act 2006 | Legislation

985  Effect of requirement under section 983

(1)     Subject to section 986, this section applies where a shareholder exercises his rights under section 983 in respect of any shares held by him.

(2)     The offeror is entitled and bound to acquire those shares on the terms of the offer or on such other terms as may be agreed.

(3)     Where the terms of an offer are such as to give the shareholder a choice of consideration—

(a)     the shareholder may indicate his choice when requiring the offeror to acquire the shares, and

(b)     the notice given to the shareholder under section 984(3)—

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