Takeover Scheme definition

Takeover Scheme means a takeover scheme made in accordance with section 635(b) of the Corporations Law in respect of a Relevant Class of Shares in the Company.

Takeover Scheme shall have the meaning ascribed to that term in the Rules;

Takeover Scheme means the takeover scheme constituted by the Offers for Gibson Shares;

Examples of Takeover Scheme in a sentence

• The Competition Commission of Namibia has advised in terms of an advisory opinion dated 5 April 2019 that the Take-over Scheme does not amount to a notifiable merger.

• Since Bidvest Group is the controlling shareholder of Bidvest Namibia with a shareholding of 66.024%, no Competition Commission approval is required to implement the Take-over Scheme, i.e. for Bidvest Group to increase its shareholding to 100% in Bidvest Namibia.

• Notwithstanding rules 4.1(e) and 4.2, a transfer giving effect to a contract resulting from the acceptance of an offer made under a Proportional Takeover Scheme must not be registered unless and until a Prescribed Resolution to approve the Proportional Takeover Scheme has been passed or is taken to have been passed in accordance with rule 14.3.

• Since the Take-over Scheme falls within the ambit of a related party transaction, approval of the Delisting Resolution must be resolved upon at a duly constituted General Meeting of Bidvest Namibia, by more than 50% of all shareholders present or represented by proxy at the General Meeting, excluding any controlling shareholder (i.e. Bidvest Group), its associates, and any party acting in concert, and/or any other party which the NSX deems appropriate, all of whose votes may not be counted.

• Implementation of the Takeover Scheme would see the Merged Group generate several operational and corporate efficiencies set out below both from the consolidation of the Norseman Gold Project and the demerger of the Industrial Minerals Rights.

More Definitions of Takeover Scheme

Takeover Scheme means the takeover scheme constituted by the Offers for Computer Power Shares;

Takeover Scheme means a takeover scheme made in accordance with Part 6.3 of the Corporations Act (as contemplated by clause 6.12).” The following new clause 6.12 is inserted immediately following clause 6.11:

Takeover Scheme means the takeover scheme constituted by the Offers to which this Statement relates.

Takeover Scheme means the takeover scheme under the Corporations Law constituted by the Offers.

Takeover Scheme means a takeover scheme made in accordance with section 635(b) of the

Takeover Scheme means a scheme involving the making of offers for acquisition by or on behalf of a person—

Takeover Scheme means the takeover scheme constituted in accordance with Division 1 of Part 6.3 of the Corporations Law pursuant to which Purchaser proposes to make offers to acquire all the Shares and ADSs.