TMA-2.24.4

Past version: Effective from 01 Jan 2009 to 30 Sep 2019
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For the amount of consideration payable in cash, the offeror shall prior to the execution date of the transaction, open an account with a licensed bank and deposit the entire sum payable to the shareholders as consideration for acceptances received and accepted. The amount to be so deposited shall be the relevant total from the escrow account.