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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Takeover Rules Module (TKO) [VER7/02-16]
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Sep 26 2005 onwards

TKO 14.1.2

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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 an obligation to extend a BidG arises as a consequence of application of TKO Rule 14.1.1, then, for the purposes of these RulesG :

(a) the Reporting EntityG undertaking the redemption or acquisition is deemed to be the TargetG ;
(b) where the obligation to extend the BidG arises as a consequence of a shareholder obtaining or consolidating control as a result of the redemption or purchase by the Reporting EntityG of its own shares, that shareholder must extend a BidG ;
(c) where the obligation to extend the BidG arises as a consequence of a group of PersonsG acting in concert obtaining or consolidating control as a result of the redemption or purchase by the Reporting EntityG of its own shares, each such PersonG must extend a BidG ; and
(d) the provisions of these RulesG relating to disclosure and, where possible, timing and periods of notice will apply with any necessary adaptation to meet that purpose.

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