CTHIn ForceLegislation
ASIC Corporations (Takeover Bids) Instrument 2023/683
“(ii) in respect of each class of securi“(ii) in respect of each class of securities and derivatives the holders of which the bidder sent offers under item 6 of subsection 633(1) and for which the bidder has obtained a copy of a register including the name and address of each person who, at a time subsequent to the time specified by the bidder under subsection 633(2), held securities or derivatives in the class—the following persons:
Start here
Get a plain-English read of “(ii) in respect of each class of securi
Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Takeover Bids) Instrument 2023/683.
“(ii) in respect of each class of securities and derivatives the holders of which the bidder sent offers under item 6 of subsection 633(1) and for which the bidder has obtained a copy of a register including the name and address of each person who, at a time subsequent to the time specified by the bidder under subsection 633(2), held securities or derivatives in the class—the following persons:
(A) each person (other than the bidder) on the most recent register obtained by the bidder to whom the bidder would have had to send the bidder’s statement and offers under item 6 of subsection 633(1) if the date set by the bidder under subsection 633(2) had been the date at which holdings are recorded on that register; and
(B) any other person who has accepted the offer in respect of securities or derivatives in the class; and
(iii) in respect of any other class of securities or derivatives the holders of which the bidder sent offers under item 6 of subsection 633(1)—each person to whom offers were made under the bid because they held securities or derivatives in that class.”;
(d) after subsection 650D(3) insert: