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TMA-2.2.9

Past version: Effective from 01 Oct 2019 to 31 Dec 2021
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If after a proposed offer the shares of the offeree company are to be delisted from the licensed exchange, neither the offeror nor any persons acting in concert with the offeror may vote at the meeting, if required, of the offeree company's shareholders. The resolution to approve the transfer of the company and the delisting must be subject to:

(a) Approval by at least 75% of the votes attaching to the disinterested shares that are cast either in person or by proxy at a duly convened meeting of the holders of the disinterested shares;
(b) The number of votes cast against the resolution being not more than 10% of the votes attaching to all disinterested shares; and
(c) The offeror being entitled to exercise, and exercising, its rights of compulsory acquisition.
Amended: October 2019