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  • Payment of Consideration

    • TMA-2.19.6

      An offeror must complete payment of consideration whether in the form of cash, in form of securities, or a combination of cash and securities, as the case may be, to all shareholders by crediting the shareholders bank account and/or the shareholders’ securities account, as the case may be, who have accepted the offer, within 10 calendar days from the last closing date of the offer.

      Amended: January 2022
      Added: October 2019

    • TMA-2.19.7

      [This Paragraph was deleted in January 2022].

      Deleted: January 2022
      Added: October 2019

    • TMA-2.19.8

      An offeror must deposit the unclaimed balances, if any, in an escrow account with a licensed bank within 15 calendar days from the last closing date of the offer.

      Added: January 2022

    • TMA-2.19.9

      An offeror, on its own or together with person acting in concert, must not exercise the voting rights attached to the shares received through acceptances of the take-over offer prior to full settlement of the consideration.

      Added: January 2022