Proportional Takeover Bid definition

Proportional Takeover Bid means an off-market bid that is made or purports to be made under section 618(1)(b) of the Corporations Act in respect of a specified proportion of shares included in a class of shares in the Company; and

Proportional Takeover Bid means a takeover bid that is made or purports to be made under the Act in respect of securities included in a class of securities in the Company; and

Proportional Takeover Bid means an off-market bid for a specified proportion of the Company’s securities held by each shareholder in a class for which a takeover bid has been made. It is not a bid for all securities held by all members of that class, only part of the securities each holds.

Examples of Proportional Takeover Bid in a sentence

• The bidder under a Proportional Takeover Bid and any associates of the bidder are not entitled to vote on the Approving Resolution relating to that Proportional Takeover Bid and, if they do vote, their votes must not be counted.

• If an Approving Resolution to approve a Proportional Takeover Bid has not been voted on in accordance with this rule 14.3 as at the end of the day before the Approving Resolution Deadline, an Approving Resolution to approve the Proportional Takeover Bid will be taken to have been passed in accordance with this rule14.3.

• Subject to rule14.3(c), a person who, as at the end of the day on which the first offer under the Proportional Takeover Bid was made, held bid class shares is entitled to vote on the Approving Resolution relating to the Proportional Takeover Bid.

More Definitions of Proportional Takeover Bid

Proportional Takeover Bid means a takeover bid that is made or purports to be made under section 618 of the Act in respect of shares included in a class of shares in the Company.

Proportional Takeover Bid means a Takeover Bid for a specified portion of all shares;

Proportional Takeover Bid means anoff-market bid for a specified proportion of the securities in the bid class (see paragraph 618(1)(b)).

Proportional Takeover Bid means an off-market bid for a specified proportion of the Company’s securities in a class of securities for which a takeover bid has been made. It is not a bid for all securities held by all members of that class, only proportion of the securities each holds. Accordingly, if a Shareholder accepts the offer in full under a proportional takeover bid, the Shareholder will dispose of the specified portion of their Shares in the Company and retain the balance of their Shares.

Proportional Takeover Bid means a Takeover Bid for a specified proportion of Shares.

Proportional Takeover Bid means a takeover scheme in accordance with section 635 (b) of the Act;

Proportional Takeover Bid means a takeover bid that is made or purports to be made under section 816(1)(b) (as amended from time to time) of the Act in respect of securities included in a class of securities in the Company.