TKO 6.1 TKO 6.1 Where there is more than one class of shares
TKO 6.1.1 TKO 6.1.1
Targethas more than one class of Sharesas its capital, the Biddermust:(a) make a fair and appropriate Bid, having regard to current circumstances, for each class whether such capital carries voting rights or not;(b) consult the DFSAin advance of such a Bidbeing made; and(c) ensure that a Bidfor non-voting Sharesis not conditional on any particular level of acceptances in respect of that class unless the Bidfor the voting Sharesis also conditional on the success of the Bidfor the non-voting Shares.
TKO 6.1.1 Guidance
A fair and appropriate
Bidneed not necessarily be an identical Bid.
Classes of non-equity
Sharecapital need not be the subject of a Bid, except in the circumstances referred to in TKO Rule 4.1.1.
Bidis made for more than one class of Shares, separate Bidsmust be made for each class.