Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_3
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 173634–174519

3                             An acquisition of bid class securities that results directly from the exercise of rights attached to convertible securities if:
                              (a) the acquisition is by or on behalf of the bidder under a takeover bid; and
                              (b) the bidder acquired a relevant interest in the convertible securities through an on‑market transaction during the bid period; and
                              (c) the bid is for all the voting shares in the bid class; and
                              (d) the bid is:
                              (i) unconditional; or
                              (ii) conditional only on the happening of an event referred to in subsection 652C(1) or (2).
                              See sections 612 and 613.
                              Acceptance of scrip offered as takeover consideration