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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 20 May 2006 - onwards
Version 2 of 2

Regulation 28 Part 5: interpretation and supplemental

(1) In this Part -

"assenting security holder" means a holder of any of the securities affected in respect of which the bid has been accepted;

"dissenting security holder" means a holder of any of the securities affected in respect of which the bid has not been accepted by the holder;

"assenting security holder" means the securities the acquisition of the beneficial ownership of which by the offeror is involved in the bid.

(2) Where a bid has been accepted by a person in respect of a part only of the securities held by him or her, he or she shall be treated, for the purposes of this Part, as an assenting security holder as regards that part of his or her holding and as a dissenting security holder as regards the remainder of his or her holding.

(3) In the application of this Part to an offeree company the capital of which consists of two or more classes of securities, references to the securities in the capital of the offeree company shall be construed as references to the securities in its capital of a particular class.