Document ID: chunk:federal_register_of_legislation:C2004A02471:body:0:p2
Version: federal_register_of_legislation:C2004A02471
Segment Type: other
Provision Reference: 
Character Range: 2446–5303

by inserting in paragraph (8) (e) "only" after "reason" and "particular" before "meeting".

Take-over announcements
6. Section 17 of the Principal Act is amended by omitting from paragraph (3) (a) "that" and substituting "than".

Take-over offers not be subject to certain terms or conditions
7. Section 20 of the Principal Act is amended by omitting from paragraphs (1) (a) and (b) "of affairs".

Notification of acquisitions and disposals of shares
8. Section 39 of the Principal Act is amended—
    (a) by omitting from sub-paragraph (1) (b) (ii) "5%" and substituting "the prescribed percentage";

    (b) by omitting from sub-paragraph (5) (b) (ii) "1 %" and substituting "the prescribed percentage"; and
    (c) by adding at the end thereof the following sub-section:
       "(13) A reference to the prescribed percentage is—
       (a) in sub-paragraph (1) (b) (ii)—a reference to 5% or, where a lesser percentage is prescribed by regulations in force for the time being for the purposes of that sub-paragraph, a reference to that lesser percentage; and
       (b) in sub-paragraph (5) (b) (ii)—a reference to 1 % or, where a lesser percentage is prescribed by regulations in force for the time being for the purposes of that sub-paragraph, a reference to that lesser percentage.".

Schedule
9. The Schedule to the Principal Act is amended—
    (a) by inserting after paragraph 1 (d) of Part A the following paragraphs:
       "(da) set out particulars of all acquisitions or disposals of shares in the target company by the offeror, or any person associated with the offeror, in the period of 4 months immediately preceding the date on which the statement is lodged with the Commission for registration, including particulars of the price per share in relation to each acquisition or disposal;
       (db) where the offeror is or includes a corporation or corporations—set out particulars of all acquisitions or disposals of shares in that corporation or any of those corporations by any person included in, or associated with, the offeror, in the period of 4 months immediately preceding the date on which the statement is lodged with the Commission for registration, including particulars of the price per share in relation to each acquisition or disposal;";
    (b) by omitting sub-paragraph 1 (e) (iv) of Part A and substituting the following sub-paragraph:
       "(iv) full particulars of any alterations in the capital structure of any corporation that, at any time during the period of 5 years referred to in sub-paragraph (iii), was a subsidiary of the corporation referred to in that sub-paragraph, being alterations occurring at any time during that period of 5 years when the corporation was a subsidiary of the corporation referred to in that sub-paragraph, and particulars of the dates on which any such corporation became a subsidiary