Takeover Regulation Panel definition
Examples of Takeover Regulation Panel in a sentence
It will be implemented in accordance with the Companies Act and the Companies Regulations and will be regulated by the Takeover Regulation Panel (“TRP”).
An independent expert acceptable to the Takeover Regulation Panel will be appointed to prepare the independent expert report required in terms of sections 48(8) read together with sections 114 and 115 of the Companies Act, in respect of the Repurchase Transactions.
Should the Geomer Repurchases, the Rivetprops Repurchases and the Majorshelf Repurchase be fully and finally implemented, SACTWU’s shareholding in HCI may exceed 35%, which may result in SACTWU being required to make a mandatory offer to the remainder of HCI’s shareholders or obtain a waiver from the Takeover Regulation Panel from such requirement.
The Parties agree to investigate, after signature of this Tender Document, if the approvals of any regulatory bodies (including the competition authorities (under the Competition Act, No. 89 of 1998) and/or the Takeover Regulation Panel (under section 196 of the Companies Act)) is required.
The appropriate section 121 declarations will be submitted to the Takeover Regulation Panel.
SACMH has been informed by JSW that it has taken the decision by the Takeover Regulation Panel in respect of the mandatory offer price on review to the High Court.