Examples of Regulation Q-27 in a sentence
In these circumstances, offerors and offeree issuers are reminded to consider whether the valuation requirements contained in local rules or regulations such as OSC Rule 61-501 Insider Bids, Issuer Bids, Business Combinations and Related Party Transactions or Quebec Regulation Q-27 respecting Protection of Minority Securityholders in the Course of Certain Transactions, or in TSX Venture Policy 5.9 Insider Bids, Issuer Bids, Business Combinations and Related Party Transactions apply.
The Instrument does not exempt reporting issuers in Québec from having to comply with Québec Regulation Q-27 Respecting Protection of Minority Securityholders in the Course of Certain Transactions.
To the knowledge of the directors and officers of Magna no "prior valuations" (as defined in OSC Rule 61-501 and Regulation Q-27) regarding Magna or its material assets have been prepared within the 24 months preceding the date hereof.
Pursuant to the provisions of OSC Rule 61-501 and Regulation Q-27, an issuer making an offer for its securities must, with certain limited exceptions, disclose every prior valuation or appraisal, made in the 24 months before the date of such offer, of its securities or any material asset, whether or not prepared by an independent valuator, that would reasonably be expected to affect the decision of a securityholder to retain or dispose of the securities affected by the offer.
Prior to the adoption of Rule 61-501 (or its predecessor, OSC Policy 9.1) and Regulation Q-27, Canadian courts had in a few instances granted preliminary injunctions to prohibit transactions involving going private transactions.