Entire Section

  • TKO 11.2.2 TKO 11.2.2

    Where a Bidder announces an extension of a Bid, either the next closing date must be stated or, if the Bid is unconditional as to acceptances, a statement may be made that the Bid will remain open until further notice. In the latter case, at least 14 days' notice in writing must be given, before the Bid is closed, to those shareholders who have not accepted.


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

    • TKO 11.2.2 Guidance

      There is no obligation to extend a Bid, the conditions of which are not met by the first or any subsequent closing date.


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