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  • TMA-2.26 TMA-2.26 Proxies

    • TMA-2.26.1

      A shareholder must not appoint a person as his proxy to vote in respect of his shares in the offeree company; or to exercise any other rights; or to take any other action in relation to those shares unless the appointment is under the following conditions:

      (a) The offer is unconditional in all respects;
      (b) The votes are to be cast as far as possible to satisfy any outstanding condition to the offer, where relevant;
      (c) The appointment ceases to be valid if the acceptance is withdrawn; and
      (d) The appointment only applies to shares assented to the offer.
      Added: October 2019

    • TMA-2.26.2

      The terms for the appointment of a proxy must be set out in the offer document.

      Added: October 2019