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(1 version)
Sep 26 2005 onwards

TKO 12.1.1

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

Where a BidG has been announced or posted but has not become or been declared unconditional and has been withdrawn or has lapsed, neither the BidderG , nor any PersonG who acted in concert with the BidderG in the course of the original BidG , nor any PersonG who is subsequently acting in concert with any of them, may within 12 months from the date on which such BidG is withdrawn or lapses either:

(a) make a BidG for the relevant SharesG of the TargetG (including a partial BidG which could result in the BidderG holding SharesG carrying 30% or more of the voting rights of the TargetG ); or
(b) acquire any SharesG of the TargetG if the BidderG or any such PersonG would thereby become obliged under TKO Chapter 4 to make a BidG ;
(c) acquire any SharesG of the TargetG or any rights over such SharesG if the SharesG and rights over SharesG held by any such PersonG , together with PersonsG acting in concert with him, would in aggregate carry 30% or more of the voting rights of the TargetG .

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