Rule 9 Waiver definition

Rule 9 Waiver means the waiver by the Takeover Panel of the obligations of the Concert Party to make a mandatory offer for the Company following the issue of Placing Shares to them in accordance with Rule 9 of the Takeover Code.

Rule 9 Waiver means the agreement by the Panel to waive the obligations of NAV to make a general offer to all Shareholders pursuant to Rule 9 of the Code subject to approval, by way of a poll vote, of the Independent Shareholders as a result of the increase in the number of New Ordinary Shares which will be held by NAV in connection to the Proposals and exercise of Warrants as described in Part I of this document;

Rule 9 Waiver means the waiver by the Panel of any obligation which would otherwise be imposed on BV Tech under Rule 9 of the City Code, as a result of its participation in the Fundraising;

Examples of Rule 9 Waiver in a sentence

• Completion of the Fundraising is subject, amongst other things, to the granting of the Rule 9 Waiver in respect of Mr Duggan.

• The purpose of this document is to provide Shareholders with further information regarding the matters described above and to seek Shareholders’ approval of the Resolutions, which include the Rule 9 Waiver, at the General Meeting.

• Further details relating to the Rule 9 Waiver and the City Code will be contained in the Circular, to be posted to shareholders and made available via the Company’s website later today.

• Your attention is drawn to the Rule 9 Waiver section contained in paragraph 7 of this Part I.

• This is for requesting hard copies of documents only and cannot provide advice on the merits of the Rule 9 Waiver nor give any financial, legal or tax advice.

• Vladimir Kim, Oleg Novachuk and Eduard Ogay have each entered into an irrevocable undertaking with Eurasian Resources, in respect of their beneficial holdings in Kazakhmys, to vote in favour of the Resolutions at the General Meeting (other than the Rule 9 Waiver Resolution).

• Eurasian Resources, the members of the ENRC Consortium (and their respective concert parties) and the Kazakhmys Concert Party shall not vote on the Rule 9 Waiver Resolution.

• The Subscriber’s subscription for New Ordinary Shares and Investor Warrants would, without the Rule 9 Waiver, oblige the Subscriber to make a general offer to Shareholders under Rule 9 of the Takeover Code as explained in the above section.

• The Rule 9 Waiver will not prevent the Sellers or any member of the Concert Part from making an offer under the Takeover Code for the Ordinary Shares not already owned by them or persons connected with them.

• Each of the Offer, the Share Repurchase, the publication by the Company of a prospectus and the Rule 9 Waiver are connected and, as a result, the Transaction cannot proceed without all of these parts being approved by the relevant Kazakhmys Shareholders.

More Definitions of Rule 9 Waiver

Rule 9 Waiver means the waiver granted by the Takeover Panel of the obligation which would otherwise arise pursuant to Rule 9 of the Takeover Code for the members of the Enlarged Concert Party to make a general offer for the entire issued share capital of the Company (other than any shares in the Company held by members of the Enlarged Concert Party) as a result of the increases in their holdings of Ordinary Shares due to (i) the conversion of the Convertible Loan Notes to be subscribed for by certain members of the Enlarged Concert Party into new Ordinary Shares and (ii) the allocation of additional Ordinary Shares pursuant to the SIP, such waiver being conditional upon the approval of the Rule 9 Waiver Resolution at the General Meeting;

Rule 9 Waiver means the waiver of the obligation to make a general offer under

Rule 9 Waiver the waiver of the Panel in respect of the obligation of MTL (Luxembourg) S.à x.x. (or any person acting in concert with it) under Rule 9 of the City Code to make a mandatory cash offer for the Ordinary Shares not already owned by it that would otherwise arise as a result of the Buy Back.