Document ID: chunk:federal_register_of_legislation:C2004A03309:body:0:p7
Version: federal_register_of_legislation:C2004A03309
Segment Type: other
Provision Reference: 
Character Range: 14971–17570

that—
(c) specifies a number (in this sub-section referred to as the 'specified number'), being the number of shares of which one of those distinct portions consists, or being the total number of shares of which 2 or more of those distinct portions together consist; and
(d) states that the person accepts the original offer in so far as it relates to—
(i) in a case where paragraph (a) applies—the specified number of shares included in that class; or
(ii) in a case where paragraph (b) applies—that proportion of the specified number of shares included in that class,
and, if the person does so—
(e) the offeror shall be deemed to have made to the person, immediately before the notice is so given, a corresponding take-over offer relating to—
(i) in a case where paragraph (a) applies—the specified number of shares included in that class; or
(ii) in a case where paragraph (b) applies—that proportion of the specified number of shares included in that class;
(f) the person shall be deemed to have accepted, upon the giving of the notice, the corresponding take-over offer that the offeror is, by virtue of paragraph (e), to be deemed to have made to the person;
(g) notwithstanding section 21, the offeror shall be deemed to have withdrawn, immediately after the giving of the notice, the original offer; and
(h) a corresponding take-over offer shall not, by reason only of the offeror becoming, or becoming entitled to be registered as, the holder of shares as a result of the operation of paragraph (f) of this sub-section, be deemed by virtue of paragraph 25 (d) to have been made to the person.
"(2) Where—
(a) a take-over offer has been made to a person;
(b) the person gives to the offeror, at a particular time during the period during which the offer remains open and before the offer is accepted, a notice (in this sub-section referred to as the 'relevant notice') that purports to be a notice under sub-section (1) relating to the offer; and
(c) the person is not entitled under that sub-section so to give the relevant notice,
then—
(d) in a case where the person so gives the relevant notice knowing that the person is not so entitled—the person contravenes this sub-section; and
(e) in any case—sub-section (1) has effect in relation to the relevant notice as if the person had been so entitled.
"(3) For the purposes of this section, where a person who holds particular shares included in a class of shares in a company holds some, but not all, of the first-mentioned shares on account of a particular person, such of the first-mentioned shares as the first-mentioned person holds