Concert Parties definition
Examples of Concert Parties in a sentence
In accordance with Rule 3.8 of the Takeovers Code, reproduced below is the full text of Note 11 to Rule 22 of the Takeovers Code: None of the Offeror and the Offeror Concert Parties has dealt for value in the Shares during the six- month period preceding the Announcement Date.
The Offeror Concert Parties will not vote on the Scheme at the Court Meeting.
As at the Announcement Date, (i) the Offeror did not hold any Shares and (ii) the Offeror Concert Parties held in aggregate 310,629,424 Shares (representing approximately 56.16% of the issued share capital of the Company).
In any case, the number of Ordinary Shares (including Ordinary Shares represented by ADSs) outstanding shall be determined after giving effect to the conversion or exercise of loans or securities of the Company, including the Notes, by the applicable Purchaser or its Concert Parties since the date as of which such number of outstanding Ordinary Shares (including Ordinary Shares represented by ADSs) was reported.
The Purchaser shall procure that neither the Purchaser nor its subsidiaries shall own or have, and shall use reasonable endeavors to procure that none of its Affiliates or Concert Parties shall own or have, any interest in any capital, shares or other securities of the Seller, the Company or any of their respective Affiliates at any time prior to the Closing.