TKO 4.1.2 TKO 4.1.2
TKO Rule 4.1.1 does not apply in relation to an acquisition of
Sharesof a Reporting Entitywhich 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 Bidderto compulsorily acquire the shareholding of a minority shareholder.
Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]
TKO 4.1.2 Guidance1. 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]