‹ 4.4 DEALINGS IN TARGET SECURITIES BY CERTAIN TARGET CONCERT PARTIES 4.6 SECURITIES BORROWING AND LENDING TRANSACTIONS BY BIDDERS, THE TARGET AND THEIR CONCERT PARTIES › 4.5 RESTRICTION ON THE TARGET ACCEPTING AN OFFER IN RESPECT OF TREASURY SHARES1 A Target may not accept an offer in respect of treasury shares until after the offer is unconditional as to acceptances. 1 This Paragraph is disapplied in a scheme. ‹ 4.4 DEALINGS IN TARGET SECURITIES BY CERTAIN TARGET CONCERT PARTIES 4.6 SECURITIES BORROWING AND LENDING TRANSACTIONS BY BIDDERS, THE TARGET AND THEIR CONCERT PARTIES ›