Entire Section

  • TKO 4.2 TKO 4.2 Conditions and consents

    • TKO 4.2.1

      A Mandatory Bid made under these Rules must be conditional only upon the Bidder having received acceptances in respect of Shares which, together with Shares acquired or agreed to be acquired before or during the Bid, will result in the Bidder and any Person acting in concert with it holding Shares carrying more than 50% of the voting rights.


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

    • TKO 4.2.2 TKO 4.2.2

      No acquisition of Shares which would give rise to a requirement for a Mandatory Bid under these Rules may be made if the making or implementation of such Bid would or might be dependent on the passing of a resolution at any meeting of shareholders of the Bidder or upon any other conditions, consents or arrangements.


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

      • TKO 4.2.2 Guidance

        The DFSA may waive or modify the application of TKO Rule 4.2.1 or TKO Rule 4.2.2 if it is satisfied that circumstances are appropriate. See TKO Chapter 16 of these Rules.


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