Examples of Takeovers Code in a sentence
Pursuant to Note 8 to Rule 26.1 of the Takeovers Code, the Offeror is therefore required to make an unconditional mandatory general cash offer for all the issued Shares (other than those Shares already owned or agreed to be acquired by the Offeror and parties acting in concert with him).
Ip, Ms. Chung, Mr. Wan and Mr. Yip are parties acting in concert with the Offeror in accordance with the Takeovers Code.
To the best of our knowledge and belief, after making proper enquiry, the information contained in or accompanying 17this Statement is, in all material respects, true and correct and not misleading, whether by omission of any information or otherwise, and includes all the information required to be disclosed by Gullivers under the Takeovers Code.
The Directors do not intend to exercise the power to repurchase Shares to an extent which would render any Shareholder or group of Shareholders obliged to make a mandatory offer under Rule 26 of the Takeovers Code.
If as a result of a repurchase of Shares pursuant to the Repurchase Mandate, a shareholder’s proportionate interest in the voting rights of the Company increases, such increase will be treated as an acquisition for the purpose of the Takeovers Code.