Document ID: chunk:federal_register_of_legislation:C2025C00185:section:617
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 617
Character Range: 2474958–2475894

617  Securities covered by the bid

Off‑market bid
 (1) An off‑market bid must relate to securities:
 (a) in a class of securities (the bid class); and
 (b) that exist or will exist as at the date set by the bidder under subsection 633(2).
Note: Subsection 92(3) defines securities for the purposes of this Chapter.
 (2) If other securities exist or will exist at that date that:
 (a) will convert, or may be converted, to securities in the bid class; or
 (b) confer rights to be issued securities in the bid class;
the bid may extend to securities that come to be in the bid class during the offer period due to a conversion or exercise of the rights.
Note: The bidder's statement must say if the bid is extended in this way (see paragraph 636(1)(j)).

Market bid
 (3) A market bid must relate to securities:
 (a) in a class of quoted securities (the bid class); and
 (b) that exist or will exist at any time during the offer period.