(1) In this notice, unless the context otherwise requires,—
cash alternative means alternative consideration, under a scrip offer, of wholly cash
Code means the Takeovers Code approved by the Takeovers Code Approval Order 2000 (SR 2000/210)
consideration securities means securities that are quoted on a stock exchange and that are offered as consideration under a scrip offer
offer means a takeover offer made under the Code
scrip offer means an offer under which the consideration includes consideration securities (whether or not that consideration also includes cash or any other additional consideration, and whether or not that offer also includes a cash alternative)
small security holder means a person who would, if that person was offered, and accepted, consideration securities under a scrip offer, receive an unmarketable parcel of consideration securities
stock exchange means, in respect of any consideration securities, the securities exchange that is the primary exchange of the issuer of the consideration securities
target security means, in respect of an offer, a security of the target company to which the offer extends
unmarketable parcel means a number of consideration securities that is less than the minimum holding of consideration securities specified by the stock exchange
weighted average price, in respect of consideration securities, means the weighted average of the closing prices of those consideration securities on the stock exchange over the period of the 5 trading days immediately preceding the date that is 5 days before the first date when consideration is sent to any offeree who has accepted the offer.
(2) Any term or expression that is defined in the Act or the Code and used, but not defined, in this notice has the same meaning as in the Act or the Code.