Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Control in takeovers governs appointment and policy rights, defining acquirer scope and persons acting in concert. Definitions delineate regulatory scope: acquirer includes any person who directly or indirectly acquires or agrees to acquire shares, voting rights or control in a listed target company, alone or with persons acting in concert. Control covers the right to appoint a majority of directors or to determine management or policy decisions by shareholding, management rights, shareholders' or voting agreements, or other means; arrangements among multiple controllers and transitions of control are qualified. Persons acting in concert are those cooperating for a common acquisition objective, with specified presumptive categories.
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.
Control in takeovers governs appointment and policy rights, defining acquirer scope and persons acting in concert.
Definitions delineate regulatory scope: acquirer includes any person who directly or indirectly acquires or agrees to acquire shares, voting rights or control in a listed target company, alone or with persons acting in concert. Control covers the right to appoint a majority of directors or to determine management or policy decisions by shareholding, management rights, shareholders' or voting agreements, or other means; arrangements among multiple controllers and transitions of control are qualified. Persons acting in concert are those cooperating for a common acquisition objective, with specified presumptive categories.
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