Versions

 

43. Interpretation

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

(1) In this Chapter —

"the company" means a company formed or registered under the Companies Regulations 2015 whose shares are the subject of a takeover offer,

"date of the offer" means —
(a) where the offer is published, the date of publication,
(b) where the offer is not published, or where any notices of the offer are given before the date of publication, the date when notices of the offer (or the first such notices) are given,
and references to the date of the offer are to be read in accordance with section 26 where that applies,

"non-voting shares" means shares that are not voting shares,

"bidder" means (subject to section 39) the person making a takeover offer,

"voting rights" means rights to vote at general meetings of the company, including rights that arise only in certain circumstances, and

"voting shares" means shares carrying voting rights.
(2) For the purposes of this Chapter a person contracts unconditionally to acquire shares if his entitlement under the contract to acquire them is not (or is no longer) subject to conditions or if all conditions to which it was subject have been met.

A reference to a contract becoming unconditional is to be read accordingly.