Section 971

In this Chapter— ... “offeror”, in relation to a takeover bid, means the person making the bid; “offer period”, in relation to a takeover bid, means the time allowed for acceptance of the bid by— rules under section 943(1) made in accordance with paragraph 13 of Schedule 1C; “opted-in company” means a company in relation to which— an opting-in resolution has effect, and the conditions in section 966(2) and (4) continue to be met; “opting-in resolution” has the meaning given by section 966(1); “opting-out resolution” has the meaning given by section 966(5); “takeover bid” has the meaning given by paragraph 20(1) of Schedule 1C; ... “voting rights” means rights to vote at general meetings of the company in question, including rights that arise only in certain circumstances; “voting shares” means shares carrying voting rights. For the purposes of this Chapter— securities of a company are treated as shares in the company if they are convertible into or entitle the holder to subscribe for such shares; debentures issued by a company are treated as shares in the company if they carry voting rights.

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Source: legislation.gov.uk · retrieved 2026-09-04