‹ TMA-3.1.11 TMA-3.1.13 › TMA-3.1.12 When directors sell shares to an offeror which result in the offeror having to make a mandatory offer, the directors must ensure that the offeror fulfils his obligation under this Module. Amended: October 2019 ‹ TMA-3.1.11 TMA-3.1.13 ›