Conditions and Consents
TMA-3.1.9
Except with the consent of CBB:
(a) Anofferor shall not include any other condition in amandatory offer other than the condition that theoffer is subject to theofferor having received acceptances which would result in theofferor and all personsacting in concert with theofferor holding in aggregate more than 50% of the voting rights; and(b) No acquisition of anyvoting rights in shares which would give rise to a requirement for amandatory offer may be made, if it is dependent on the passing of a resolution at any meeting of the shareholders of theofferor or upon any other conditions, consents or arrangements.Amended: October 2019
Amended: April 2013TMA-3.1.9A
An offer made under TMA-3.1 should normally be unconditional when the
offeror and personsacting in concert with it hold more than 50% of the voting rights before the offer.Added: October 2019