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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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971. Interpretation of this Chapter

(1) In this Chapter -

"offeror", in relation to a takeover bid, means the person making the bid;

"offer period", in relation to a takeover bid, means the time allowed for acceptance of the bid by - (a) rules under section 943(1) made in accordance with paragraph 13 of Schedule 1C; (b) where the rules giving effect to that Article which apply to the bid are those of an EEA State other than the United Kingdom, those rules;

"opted-in company" means a company in relation to which - (a) an opting-in resolution has effect, and (b) the conditions in section 966(2) and (4) continue to be met;

"opting-in resolution" has the meaning given by section 966(1);

"opting-out resolution" has the meaning given by section 966(5);

"takeover bid" has the meaning given by paragraph 20(1) of Schedule 1C;

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

"voting shares" means shares carrying voting rights

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