Entire Section

  • TKO 6.2 TKO 6.2 Appropriate bid for options, convertibles and rights

    • TKO 6.2.1

      When a Bid is made for Shares and the Target has:

      (a) issued options conferring a right to acquire Shares;
      (b) issued Convertibles conferring a right to convert a Security into Shares; or
      (c) issued subscription rights conferring a right to subscribe for Shares;

      which remain outstanding, the Bidder must make a Bid or proposal to the holders of each such category of options, Convertibles or subscription rights.

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

    • TKO 6.2.2

      A Bid or proposal under TKO Rule 6.2.1 must, in relation to the holders in each such category:

      (a) be fair and appropriate;
      (b) provide equal treatment; and
      (c) ensure that their interests are safeguarded.

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