[Letterhead of offeror]
To: [insert name and address of shareholder]
[insert date]
Dear Shareholder
Offer by [insert name of offeror] (the Offeror) to acquire [all] the issued [and to be issued][ordinary] Shares of [insert value]p each (Ordinary Shares) in [insert name of offeree] PLC (the Company) [(other than those already owned by the Offeror)] (the Offer)
We refer to the Offer document dated [insert date] (the Offer Document) in which we offered to acquire all the issued [and to be issued] ordinary Share Capital of the Company[(other than shares already owned by the Offeror)].
As you may be aware, the Offer was declared unconditional on [insert date][, and closed on [insert date]]. As at 3.00 pm on this [last] date, the Offeror had, by virtue
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Shares definition
What does Shares mean?
The CA 2006 merely provides that a share is a share in the company's share capital. A company's share capital comprises the number of shares issued by it to investors either on or after incorporation. Those investors then become the shareholders in the company. A shareholder’s shares are their personal property. By contrast, the assets of a company are owned by the company itself. Owning shares does not entitle a shareholder to any property rights in the company's assets.
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