Takeovers Code (Class Exemptions) Notice (No 2) 2001 Amendment Notice 2019

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2019/47

Coat of Arms of New Zealand

Takeovers Code (Class Exemptions) Notice (No 2) 2001 Amendment Notice 2019

Pursuant to sections 45(1)(c) and 45A(3) of the Takeovers Act 1993, the Takeovers Panel, being satisfied of the matters set out in section 45(6) of that Act, gives the following notice.

Contents

1	Title
2	Commencement
3	Principal notice
4	Clause 5 amended (Exemption for buyback that is not approved by shareholders: increased voting control eliminated within 6 months after increase)
5	Clause 6 amended (Exemption for increased voting control within 6 months after buyback reduced control percentage)
6	Clause 8 amended (Exemption for allotments pursuant to pro rata offer or scheme: increased voting control eliminated within 6 months after increase)
7	Clause 8A amended (Exemption for allotments pursuant to offer with accelerated features but otherwise pro rata: increased voting control eliminated within 6 months after increase)
8	Clause 8B amended (Exemption for allotments pursuant to certain offers with excluded overseas shareholders: increased voting control eliminated within 6 months after increase)
9	Clause 8C amended (Exemption for allotments pursuant to certain scheme with excluded overseas shareholders: increased voting control eliminated within 6 months after increase)
10	Clause 9 amended (Exemption for increased voting control within 6 months after allotments pursuant to clauses 8 to 8C offer or scheme result in reduced control percentage)
11	Clause 10 amended (Exemption for increased voting control within 6 months after allotments pursuant to other kind of offer or scheme result in reduced control percentage)
12	Schedule 1AA amended
	Schedule New Part 3 of Schedule 1AA inserted
	Statement of reasons
	Administrative Information