New Zealand Legislation: Regulations

5 Exemptions from rule 7(d) of Code in respect of rights issue and options

• (1) Each of K One W One, TMT, and VIF/TMT is exempted from rule 7(d) of the Code in respect of any increase in that person’s voting control as a result of the allotment of voting securities to that person under the rights issue to the extent that rule 7(d) requires the notice of meeting to comply with rule 16(b) of the Code.

  (2) Each of K One W One, TMT, and VIF/TMT is exempted from rule 7(d) of the Code in respect of any increase in that person’s voting control as a result of the allotment of voting securities to that person resulting from the exercise of options to the extent that rule 7(d) requires the notice of meeting to comply with rule 16(b) of the Code.