111AGSecurities issued as consideration for an acquisition under an off‑market takeover bid or Part 5.1 compromise or arrangement

#### 111AG Securities issued as consideration for an acquisition under an off‑market takeover bid or Part 5.1 compromise or arrangement (1) Securities (except debentures) in a class of securities of a body are ED securities if: (a) securities in that class have been issued by the body as consideration for offers under an off‑market bid; and (b) after an issue of securities in that class under the off‑market bid, 100 or more persons held securities in that class; and (c) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (b). (2) Securities in a class of securities of a body are ED securities if: (a) securities in that class have been issued as consideration for the acquisition or cancellation of securities of another body pursuant to a compromise or arrangement under Part 5.1 or a corresponding previous law; and (b) securities in that class, or those or any other securities of the other body, were ED securities immediately before securities in that class were first issued pursuant to the compromise or arrangement; and (c) after an issue of securities in that class pursuant to the compromise or arrangement, 100 or more persons held securities in that class; and (d) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (c). (3) In this section: > corresponding previous law: (a) when used in subsection (1), does not include a law, or part of a law, in force before 1 July 1981 (which is when the Companies (Acquisition of Shares) Act 1980 commenced); and (b) when used in subsection (2), does not include a law, or part of a law, in force before 1 July 1982 (which is when the Companies Act 1981 commenced).