Entire Section

  • TKO 4.1.2 TKO 4.1.2

    TKO Rule 4.1.1 does not apply in relation to an acquisition of Shares of a Reporting Entity which is the result of:

    (a) exercise of a right conferred by law of a minority shareholder to have his shareholding compulsorily acquired by a Bidder; or
    (b) exercise of a right conferred by law of a Bidder to compulsorily acquire the shareholding of a minority shareholder.

    Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]

    • TKO 4.1.2 Guidance

      1. An example of a right described in TKO Rule 4.1.2(a) appears in Article 100 of the Companies Law.
      2. Provisions described in TKO Rule 4.1.2(b) are commonly referred to as "squeeze-out" or "mopping-up" provisions. See for example Article 98 of the Companies Law.

       

      Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]
      [Amended] from DFSA RMI276/2020 (Made 26th February 2020). [VER08/04-20]