Document ID: chunk:federal_register_of_legislation:C2025C00185:section:3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 3
Character Range: 2460224–2461234

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 unconditional or subject only to one or both of the following:
                              (i) a condition that relates to the occurrence or non‑occurrence of an event referred to in subsection 652C(1) or (2);
                              (ii) a condition that is required under subsection 625(3).
                              See sections 612 and 613.
                              Acceptance of scrip offered as takeover consideration