Examples of Takeovers Code in a sentence
Offer document Pursuant to Rule 8.2 of the Takeovers Code, within 21 days after the release of this announcement or such later date as the Executive may approve, Wonder Star will despatch the offer document containing the conditions and terms of the Offer and form of acceptance and transfer to the shareholders of KTP.
KTP will establish an independent board committee to advise the Independent Shareholders, and will appoint an independent financial adviser to advise the independent board committee in respect of the Offer, and will send a circular to the shareholders of KTP in relation to the Offer in accordance with the Takeovers Code as soon as practicable.
Apart from Xx. Xxxx, Xx. Xxxx, Xx. Xxxx Xxxx Xxx and Xx. Xxxx who will resign as director of KTP on the first closing date of the Offer, subject to full compliance of Rule 7.1 of the Takeovers Code, Xx. Xxx, who beneficially holds approximately 4.93% of the issued share capital of KTP has notified KTP that he will resign as a director of KTP upon the close of the Offer.
According to the Sale and Purchase Agreements, each of the Vendor Directors (other than Xx. Xxxx Xxx Xxxxx) will resign as a director of KTP and such resignation will take effect on the first closing date of the Offer, that is, on the 22nd day after the offer document is posted, subject to full compliance with Rule 7.1 of the Takeovers Code.
KTP will establish an independent board committee to advise the Independent Shareholders, appoint an independent financial adviser to advise the independent board committee in respect of the Offer, and will send the offeree document to the shareholders of KTP in relation to the Offer in accordance with the Takeovers Code.