Document ID: chunk:federal_register_of_legislation:C2025C00185:section:636:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 636 (pt 2/3)
Character Range: 2522589–2525215

date of the bid—the following information about the consideration:
 (i) to the extent to which the consideration is a cash sum—the amount per security of the cash sum;
 (ii) to the extent to which the consideration is quoted securities—the market price per security of those securities;
 (iii) to the extent to which the consideration is neither a cash sum nor a quoted security—the value per security of that consideration;
 (i) if, during the period of 4 months before the date of the bid, the bidder or an associate gave, or offered to give or agreed to give a benefit to another person and the benefit was likely to induce the other person, or an associate, to:
 (i) accept an offer under the bid; or
 (ii) dispose of securities in the bid class;
  and the benefit is not offered to all holders of securities in the bid class under the bid—details of the benefit;
 (j) if the bid is to extend to securities that come to be in the bid class during the offer period due to the conversion of or exercise of rights attached to other securities (see subsection 617(2))—a statement to that effect;
 (k) for an off‑market bid—the following details in relation to each class of securities in the target:
 (i) the total number of securities in the class;
 (ii) the number of securities in the class that the bidder had a relevant interest in immediately before the first offer is sent (expressed as a number of securities or as a percentage of the total number of securities in the class);
 (l) for an off‑market bid—the bidder's voting power in the company;
 (m) any other information that:
 (i) is material to the making of the decision by a holder of bid class securities whether to accept an offer under the bid; and
 (ii) is known to the bidder; and
 (iii) does not relate to the value of securities offered as consideration under the bid.
The information that the bidder must disclose under subparagraph (k)(i) and paragraph (l) must be only as up‑to‑date as it is reasonable to expect in the circumstances. The bidder does not have to disclose information under paragraph (m) if it would be unreasonable to require the bidder to do so because the information had previously been disclosed to the holders of bid class securities.
Note: Paragraph (b)—See subsection 637(2) for the date of the statement.

Expert's report on non‑cash consideration provided for bid class securities in last 4 months
 (2) If the bidder's statement includes details of the value per share of consideration under subparagraph (1)(h)(iii), the statement must include, or be accompanied by, a report by an expert that states whether, in the expert's