TMA-2.14.1

[This Paragraph was moved to TMA-2.14.2A in October 2019].

TMA-2.14.2A

Where a conditional offer becomes or is declared unconditional, it must remain open for acceptance for not less than 15 calendar days thereafter.

TMA-2.14.2

Where an offer document and the offeree board circular are distributed on different dates, the offer must initially be open for acceptance for at least 15 calendar days following the date on the later date in respect of which the document is posted.

In any announcement of an extension of an offer, the next closing date must be stated.

TMA-2.14.3

Except with the consent of the CBB, an offer (whether revised or not) may not become or be declared unconditional as to acceptances after the official working hours on the 60th day after the day the initial offer document was posted. The CBB's consent will normally be granted only if a competing offer has been announced (in which case both or all offerors will normally be bound by the timetable established by the posting of the competing offer document which is posted later).The consent of the CBB, in such cases, will only be given in very exceptional circumstances.

TMA-2.14.4

[This Paragraph was deleted in January 2022].

TMA-2.14.5

Except with the consent of the CBB, all conditions must be fulfilled or the offer must lapse within 15 calendar days of the first closing date or of the date the offer becomes or is declared unconditional as to acceptances, whichever is the later.