New Zealand Legislation: Regulations

8 Further conditions that apply to exemptions in clauses 5 and 6

• The exemptions in clauses 5 and 6 are subject to the conditions that―

  • (a) the notice of meeting contains, or is accompanied by,―

    • (i) full particulars of the rights issue; and

    • (ii) a summary of the terms and conditions of the exemptions granted under this notice; and

  • (b) the notice of meeting displays, in a prominent position, a disclaimer stating that by exempting K One W One, TMT, and VIF/TMT from rule 7(d) of the Code, and Phitek from rule 16(b) of the Code, the Takeovers Panel is―

    • (i) neither endorsing nor supporting the accuracy or reliability of the contents of the notice of meeting; and

    • (ii) not implying it has a view on the merits of the proposed issue of voting securities to K One W One, TMT, and VIF/TMT under the rights issue; and

  • (c) the form of the notice of meeting is approved by the Takeovers Panel.