Skip to main content
Central Bank of Bahrain
menu
  • Home
  • Currency Museum
  • Rulebook
  • Contact
العربية Consumer Protection 17547789
Search
Skip to Navigation
Central Bank of Bahrain
  • About
    • About CBB
    • Board of Directors
    • Management
    • Fact Sheet
  • Media
    • Publications & Data
    • Media Center
    • Media Gallery
    • Media Kit
    • Events
  • Regulation
    • Laws & Regulations
    • Consultations
    • Licensing & Registration
    • Licensing Directory
    • Collective Investment Undertaking
    • Insurance
    • FinTech & Innovation
    • Compliance
    • Capital Markets
    • Financial Stability
  • Operations
    • Banking
    • Currency Issue
    • Payment & Settlement
    • Facilities & Interest Rates
    • Exchange Rates
    • Monetary Policy
    • Reserve Management Policy
    • Government Securities
    • IBAN Info
    • Official Holidays
    • Currency Museum
  • Consumers
    • Consumer Information
    • Deposit & URIA Protection Scheme
    • Making a Complaint
  • E-Services
    • Online Forms
    • API

Main navigation

  • Home
  • Laws
  • CBB Rulebook
  • CBB Capital Markets Regulations
  • BHB Material
  • View Recent Changes
  • Help
  • Search

CBB Rulebook: Contents

  • Common Volume
  • Central Bank of Bahrain Volume 1—Conventional Banks
  • Central Bank of Bahrain Volume 2—Islamic Banks
  • Central Bank of Bahrain Volume 3—Insurance
  • Central Bank of Bahrain Volume 4—Investment Business
  • Central Bank of Bahrain Volume 5—Specialised Licensees
  • Central Bank of Bahrain Volume 6—Capital Markets
    • Part A
      • Introduction
      • Institutions
      • Market Standards
        • OFS — Offering of Securities
        • TMA — Take-overs, Mergers and Acquisitions
          • TMA-A Introduction
          • TMA-B Scope of Application
          • TMA-1 General Principles
          • TMA-2 Rules
            • TMA-2.1 Communication of the Offer
            • TMA-2.2 Independent Advice and Shareholder Approval
            • TMA-2.3 Announcement of Offer or Possible Offer
            • TMA-2.4 No Frustrating Action
            • TMA-2.5 No Withdrawal of an Offer
            • TMA 2.6 Information to Offeror(s)
            • TMA 2.7 Timing and Content of Documents
            • TMA-2.8 The Offeree's Director Responsibilities
            • TMA-2.9 Profit Forecast and Other Financial Information
            • TMA-2.10 Asset Valuation
            • TMA-2.11 Issuance of Documents
            • TMA-2.12 Offers for More than One Class of Equity Shares
            • TMA-2.13 Appropriate Offers for Convertibles
            • TMA-2.14 Offer Timetable
            • TMA-2.15 Revised and Alternative Offers
            • TMA-2.16 Acceptors' Right to Withdraw
            • TMA-2.17 Statements during Course of Offer
            • TMA-2.18 Announcement of Result of Offer
            • TMA-2.19 Settlement of Consideration and Share Transfer
              • Timing of Acquisition and Payment
                • TMA-2.19.1
              • Withdrawn or Lapsed Offers
              • Payment of Consideration
            • TMA-2.20 Restrictions on Dealings before and during the Offer
            • TMA-2.21 Disclosure of Dealings During Offer Period
            • TMA-2.22 When Cash Offer is Required
            • TMA-2.23 Purchases at Above Offer Price
            • TMA-2.24 Provision for Escrow
            • TMA-2.25 No Special Deals or Arrangements with Selected Shareholders
            • TMA-2.26 Proxies
          • TMA-3 Types of Offer
          • TMA-4 Share Repurchases
          • Appendices
        • MAM — Prohibition of Market Abuse and Manipulation
        • MIE — Market Surveillance, Investigation & Enforcement
        • AML — Anti-Money Laundering & Combating Financial Crime
        • TC — Training and Competency
      • Ongoing Obligations
      • High Level Standards
      • Dispute Resolution and Investor Protection
      • International Co-operation
    • Part B
    • Quarterly Updates
    • Ad-hoc Communications
    • Archive
  • Central Bank of Bahrain Volume 7—Collective Investment Undertakings
  • Bahrain Bourse (BHB) Material
  • Central Bank of Bahrain and Financial Institutions Law 2006
  • Bahrain Anti Money Laundering Law 2001
  • Regulation Governing Collective Investment Schemes June 2003
  • Bahrain Stock Exchange Law 1987
  • Bahrain Financial Trust Law 2006
  • Bahrain Insurance Law 1987
  • Bahrain Monetary Agency Law 1973
  • Commercial Companies Law 2001
  • CBB Disclosure Standards
  • CBB Debt Securities Guidelines
  • Ministerial Order — Money Laundering
  • CBB Resolution on Dissemination of Listed Companies' Financial Statements and Board of Directors' Meetings
  • CBB Regulations and Resolutions
  • The Corporate Governance Code of the Kingdom of Bahrain
  • Archive
Entire section Custom print Link Text Only Rich Text Print

Location:

Breadcrumb

  1. Central Bank of Bahrain Volume 6—Capital Markets
  2. Part A
  3. Market Standards
  4. TMA — Take-overs, Mergers and Acquisitions
  5. TMA-2 Rules
  6. TMA-2.19 Settlement of Consideration and Share Transfer
  7. Timing of Acquisition and Payment
  8. TMA-2.19.1
  Versions

 
  • Jan 01 2009 - Sep 30 2019
  • Oct 01 2019
‹ Timing of Acquisition and Payment Withdrawn or Lapsed Offers ›

TMA-2.19.1

Shares represented by acceptances in any offer must not be accepted by the offeror until the offer has become or has been declared unconditional. Such shares must be paid by the offeror in accordance with the terms of payment as stipulated in the offer document.

Amended: October 2019
‹ Timing of Acquisition and Payment Withdrawn or Lapsed Offers ›

CENTRAL BANK OF BAHRAIN

King Faisal Highway
Diplomatic Area
Block 317, Road 1702, Building 96
Manama
Kingdom of Bahrain

QUICK LINKS

  • Contact Us
  • General Enquiry
  • Complaints
  • Careers
  • Conditions of Use
  • Copyright
  • Disclaimer
  • Privacy Policy

FOLLOW US

CENTRAL BANK OF BAHRAIN © 2025