(1) For the purposes of this Chapter an offer to acquire shares in a company is a "takeover offer" if the following two conditions are satisfied in relation to the offer.
(2) The first condition is that it is an offer to acquire -
(a) all the shares in a company, or
(b) where there is more than one class of shares in a company, all the shares of one or more classes,
other than shares that at the date of the offer are already held by the offeror.
Section 975 contains provision supplementing this subsection.
(3) The second condition is that the terms of the offer are the same -
(a) in relation to all the shares to which the offer relates, or
(b) where the shares to which the offer relates include shares of different classes, in relation to all the shares of each class.
Section 976 contains provision treating this condition as satisfied in certain circumstances.
(4) In subsections (1) to (3) "shares" means shares, other than relevant treasury shares, that have been allotted on the date of
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