Shareholdings and Dealings
The following details of the offeror's shareholding in the offeree company and other material information must be included in the offer document:
(a) The shareholdings of the offeror in the offeree company;
(b) In the case of securities exchange offers the shareholdings in the offeror and in the offeree company:
(i) In which directors of the offeror are interested; and
(ii) Which any persons acting in concert with the offeror own or control and the names of such persons;
(c) By any persons who, prior to the posting of the offer document, have committed themselves to accept or reject the offer and the names of such persons;
(d) Owned or controlled by a person with whom the offeror or any person acting in concert with the offeror has any arrangements involving rights over shares, and any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing; and
(e) Dealings in offeror's shareholding during 6 months prior to offer period including prices, dates and volume.
All conditions of the offer must be stated, including:
(a) The price and other considerations to be paid for the securities.
(b) Whether the offer is conditional upon acceptances being received in respect of a minimum number and the last day on which the offer can become unconditional to acceptances. This must include particulars of all documents required, and procedures to be followed for acceptances of an offer; and
(c) A statement by the offeror regarding the intentions of availing of any powers of compulsory acquisition.
Amended: April 2013