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  • CBB's Consent Required

    • TMA-3.2.1

      CBB's consent is required for any partial offer. CBB will normally grant consent in the case of an offer which could not result in the offeror and persons acting in concert with it being interested in shares carrying 30% or more of the voting rights of a company.

      Amended: October 2019

    • TMA-3.2.2

      Consent will not normally be granted in the case of an offer which could result in the offeror holding not less than 30%, and which must result in a holding of not more than 50% of the voting rights of a company.

      Amended: October 2019