2A Meaning of code company

(1)

Code company means a company that—

(a)

is a listed issuer that has financial products that confer voting rights quoted on a licensed market; or

(b)

was within paragraph (a) at any time during a period specified in the takeovers code (being a period not exceeding 12 months before any date or the occurrence of any event referred to in the code); or

(c)

has 50 or more shareholders and 50 or more share parcels.

(2)

However, if, as a result of a transaction or an event regulated under the code, a company that previously satisfied subsection (1)(c) ceases to have 50 or more shareholders and 50 or more share parcels, that company continues to be a code company for the purposes of Part 7 of the code.

(3)

In this section, shareholder means a shareholder holding a financial product that confers a voting right.

Section 2A: inserted, on 31 August 2012, by section 5 of the Takeovers Amendment Act 2012 (2012 No 68).

Section 2A(1)(a): replaced, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 2A(3): amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).