Entire Section

  • TKO A1.3 TKO A1.3 Disclosure of shareholdings and dealings

    • TKO A1.3.1

      The Bidder must disclose:

      (a) the shareholdings of the Bidder in the Target;
      (b) the holdings of Securities in the Bidder (in the case of a Securities Exchange Bid only) and in the Target in which each Director of the Bidder is directly or indirectly interested;
      (c) the holdings of Securities in the Bidder (in the case of a Securities Exchange Bid only) and in the Target which any Person acting in concert with the Bidder owns or controls, together with the name of such Person acting in concert;
      (d) the holdings of Securities in the Bidder (in the case of a Securities Exchange Bid only) and in the Target owned or controlled by any Person who, prior to the posting of the Bid Document, has irrevocably committed himself to accept the Bid, together with the name of such Person.

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

    • TKO A1.3.2

      If in any of the above categories there are no holdings of Shares or Securities, this fact must be stated, provided that this does not apply to the category in TKO A1.3.1(d) if there are no such irrevocable commitments.


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

    • TKO A1.3.3

      If any Person whose holdings of Shares or Securities are required by this Section to be disclosed has dealt for value in the Shares in question during the period beginning six months prior to the Bid Period and ending with the latest practicable date prior to the posting of the Bid Document, the details, including dates and prices, must be stated. If no such dealings have taken place, this fact must be stated.


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