Section 983(7)

The shareholder is treated for the purposes of section 985 as not having exercised his rights under this section unless the requirement imposed by paragraph (b) of subsection (2), (3) or (4) (as the case may be) would be satisfied if— the reference in that paragraph to other shares in the company which the offeror has contracted to acquire unconditionally or subject to conditions being met were a reference to such shares which he has unconditionally contracted to acquire, and the reference in that subsection to the period within which the offer can be accepted were a reference to the period referred to in section 984(2).

← 6 · All articles · 8 →

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