Common use of Deemed rejection of offer Clause in Contracts

Deemed rejection of offer. If no Purchase Application has been received by the Board from a Remaining Shareholder by 5.00pm on the Offer Expiry Date, that Remaining Shareholder will be deemed to have rejected the offer set out in the Offer Notice in full.

Deemed rejection of offer. If no Purchase Subscription Application has been received by the Board Company from a Remaining Shareholder by 5.00pm on the Offer Expiry Date, that Remaining Shareholder will be deemed to have rejected the offer set out in the Offer Notice of New Securities in full.