[O] [O]
OECD
Organisation for Economic Cooperation and Development (www.oecd.org).
Amended: July 2011Offer
For the purpose of Module TMA, offer includes takeover and merger transactions, however effected, including partial offers, and offers by a parent company for shares in its subsidiary and (where appropriate) share repurchases by general offer.
Amended: October 2019
Added: July 2011Offeree
Means a listed company to whom an offer has been submitted under Module TMA.
Added: July 2011Offering document(s)
For the purpose of Module OFS, offering document includes a prospectus or such other information or documentation or part thereof required by the CBB or another authority for the offer and/or issue of securities.
Added: January 2014Offering period
For the purpose of Module OFS, the time in which
securities are offered for subscription which shall be for a period not less than 10 calendar days and not more than 6 months.Added: January 2014Offering price
The price per
security at which a new or secondary distribution ofsecurities is being offered for sale.Added: January 2014Offeror
For the purpose of Module TMA, offeror includes companies wherever incorporated and individuals wherever resident, governments, not-for-profit organisations, individuals or any other juridical person. In relation to share repurchases, offeror means a company engaged in, or considering engaging in, a share repurchase in respect of its own shares.
Added: July 2011Offer document
For the purposes of takeovers, mergers, acquisitions and share repurchases, includes Appendix C and any other information required to be included in the terms of Module TMA.
Amended: January 2022
Added: July 2011Offer period
Offer period for the purpose of Module TMA shall mean the period starting from the date when an announcement is made of a proposed or possible offer, with or without terms, until whichever is the latest of:
(a) The date when the offer closes for acceptance;(b) The date when the offer lapses;(c) The time when an offeror announces that the possible offer will not proceed;(d) The date when an announcement is made of the withdrawal of a proposed offer;(e) Where the offer contains a possibility to elect for alternative forms of consideration, the latest date for making such election; or(f) Where there are two or more offers or possible offers outstanding, the closure of an offer period in respect of one offer or possible offer does not affect the termination of any other offer or possible offer.Added: July 2011Open-ended fund(s)
An open-ended fund is a
CIU which can issue and redeemholdings at any time. An investor can purchaseholdings in such funds directly from theoperator , or through a broker. An open-ended fund is equitably divided intoholdings (shares or units) which vary in price in direct proportion to the variation in value of the CIU's net asset value. Each time money is invested newholdings are created to match the addition to net assets; similarly, each timeholdings are redeemed byparticipants they are cancelled to reflect the reduction in net assets. In this way, the price ofholdings remains a reflection of the underlying assets of theCIU .Amended: July 2011Operator(s)
[This definition has been moved to Volume 7 in April 2012].
Options
Unless the context otherwise requires, options means options to subscribe or purchase new shares or existing shares in a company.
Added: July 2011Ordering Financial Institution
Refers to the financial institution which initiates the wire transfer and transfers the funds upon receiving the request for a wire transfer on behalf of the originator.
Added: January 2020Originator
Refers to the account holder who allows the wire transfer from that account, or where there is no account, the natural or legal person that places the order with the ordering financial institution to perform the wire transfer.
Added: January 2020Overseas capital market service providers
Means a
CMSP that is incorporated and operates in an overseas jurisdiction and operates via branch presence, or such other equivalent license, in the Kingdom of Bahrain.Added: July 2011Overseas crypto-asset service licensee
A
crypto-asset licensee incorporated in an overseas jurisdiction but licensed to operate within the Kingdom of Bahrain.Added: April 2019Overseas domiciled CIU(s)
[This definition has been moved to Volume 7 in April 2012].
Overseas domiciled exempt CIU(s)
[This definition has been moved to Volume 7 in April 2012].
Overseas domiciled expert CIU(s)
[This definition has been moved to Volume 7 in April 2012].
Overseas domiciled retail CIU(s)
[This definition has been moved to Volume 7 in April 2012].
Overseas exchange
Means an exchange licensed or recognised by a financial services authority in a jurisdiction outside the Kingdom of Bahrain to operate a licensed market in that jurisdiction.
Added: July 2011Overseas issuer(s)
An issuer not incorporated in the Kingdom of Bahrain.
Added: January 2014