Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_10
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 177827–178874

10                            An acquisition that results from an issue of securities that satisfies all of the following conditions:
                              (a) a company offers to issue securities in a particular class
                              (b) offers are made to every person who holds securities in that class to issue them with the percentage of the securities to be issued that is the same as the percentage of the securities in that class that they hold before the issue
                              (c) all of those persons have a reasonable opportunity to accept the offers made to them
                              (d) agreements to issue are not entered into until a specified time for acceptances of offers has closed
                              (e) the terms of all the offers are the same.
                              This extends to an acquisition by a person as underwriter to the issue or sub‑underwriter.
                              See section 615.
                              Dividend reinvestment etc.