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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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  • TKO 5.1 The acceptance condition

    • TKO 5.1.1

      It must be the condition of any BidG for voting equity ShareG capital which, if accepted in full, would result in the BidderG holding SharesG carrying over 50% of the voting rights of the TargetG , that the BidG will not become or be declared unconditional as to acceptances unless the BidderG has acquired or agreed to acquire (either pursuant to the BidG or otherwise) SharesG carrying over 50% of the voting rights attributable to:

      (a) the equity ShareG capital alone; and
      (b) the equity ShareG capital and the non-equity ShareG capital combined.

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