• PARAGRAPH 33 PARAGRAPH 33 RIGHT OF WITHDRAWAL5


    5 This Paragraph is disapplied in a scheme.

    • 33.1 WHEN THE RIGHT OF WITHDRAWAL MAY BE EXERCISED

      An accepting shareholder must be entitled to withdraw his acceptance from the date which is 21 days after the first closing date of the initial offer, if the offer has not by such date become or been declared unconditional as to acceptances. This entitlement to withdraw must be exercisable until the earlier of:

      (a) the time that the offer becomes or is declared unconditional as to acceptances; and
      (b) the final time for lodgement of acceptances which can be taken into account in accordance with Paragraph 30.6.

    • 33.2 TARGET PROTECTION CONDITIONS

      An accepting shareholder must be entitled to withdraw his acceptance if so determined by the Panel in accordance with Paragraph 12.6.

    • 33.3 RETURN OF DOCUMENTS OF TITLE

      If a shareholder withdraws his acceptance, all documents of title and other documents lodged with the form of acceptance must be returned as soon as practicable following the receipt of the withdrawal (and in any event within 14 days) and the receiving agent should immediately give instructions for the release of securities held in escrow.