Examples of Takeover Ordinance in a sentence
Public takeovers in Switzerland are governed by the Swiss Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIA) and its implementing ordinances (Swiss Takeover Rules) including the Takeover Ordinance (TOO) of the Swiss Takeover Board (TOB).
If the suspensive conditions require a contribution from the offeror, he or she must take all reasonable steps to ensure that the condition is fulfilled (Article 13 (1) of the Takeover Ordinance).
Request for Party Status (Article 57 Takeover Ordinance) Shareholders who have been holding at least 3% of the voting rights of Nobel Biocare, whether exercisable or not (a Qualified Participation), since 15 September 2014 (each, a Qualified Shareholder; Article 56 Takeover Ordinance), will be granted party status if they file a respective request with the Swiss Takeover Board.
TOO) and in analogy with the provisions of the 6th chapter of the Takeover Ordinance (Article 30 et seq.
Objection (Article 58 Takeover Ordinance) A Qualified Shareholder who has to date not participated in the proceedings may file an objection against the Swiss Takeover Board's decision in respect of the Offer (see Section J (Decision of the Swiss Takeover Board)).
The best price rule in the form set out in article 10 Takeover Ordinance only applies in connection with buy-backs through a tender offer or through the issuance of put op- tions (Circular 1, para.
In addition, the TOB has partially amended its Takeover Ordinance.
As set out in article 9 (3) Takeover Ordinance, the issuer must ensure an adequate re- lationship of the prices offered for different categories of shares (Circular 1, para.
The objection must contain a motion, a summary of the legal grounds and proof of the Qualified Participation (as defined in Section K.1 (Rights of Shareholders of Nobel Biocare)) pursuant to Article 56 of the Takeover Ordinance.
As set out in article 9 (2) Takeover Ordinance, the buy-back must extend to all of the issuer’s listed equity securities (Circular 1, para.