Open market buy-back timelines require prompt opening and specified closure, with exchange route phased out after a specified date. The company's identity must appear on the exchange electronic screen when placing buy-back orders; the buy-back must open promptly after the public announcement and close within specified timeframes that vary by the period in which the offer is opened. A transitional restriction phases out the option of open market buy-backs through the stock exchange after a prescribed cutoff while preserving the route for offers already opened before that cutoff.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Open market buy-back timelines require prompt opening and specified closure, with exchange route phased out after a specified date.
The company's identity must appear on the exchange electronic screen when placing buy-back orders; the buy-back must open promptly after the public announcement and close within specified timeframes that vary by the period in which the offer is opened. A transitional restriction phases out the option of open market buy-backs through the stock exchange after a prescribed cutoff while preserving the route for offers already opened before that cutoff.
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