Composite Document definition
Examples of Composite Document in a sentence
Pursuant to Section 88 of the Companies Act and Rule 2.11 of the Takeovers Code, if the Offeror, within four (4) months of the posting of the Composite Document, has received valid acceptances in respect of not less than 90% of the Offer Shares and not less than 90% of the Disinterested Shares, the Offeror will privatise the Company by exercising its right to compulsorily acquire those Offer Shares not already acquired by the Offeror under the Share Offer.
WARNING Shareholders are encouraged to read the Composite Document carefully, including the advice from the independent financial adviser to the Independent Board Committee and the recommendation from the Independent Board Committee to the Independent Shareholders in respect of the Offer, before deciding whether or not to accept the Offer.
It is the intention of the Offeror and the Company to combine the offer document and the offeree board circular in the Composite Document.
Details of such arrangement will be disclosed in the Composite Document.
The latest time on which the Offeror can declare the Offers unconditional as to acceptances is 7:00 p.m. on the 60th day after the despatch of the Composite Document (or such later date to which the Executive may consent).