Relaxation of procedural requirements allows electronic service of offer documents and electronic inspection for open offers and buy-backs. Relaxation permits electronic transmission of letters of offer, tender forms and related materials for open offers and buy-back tender offers up to July 31, 2020, provided the documents are published on the company, registrar, stock exchange and manager websites. Acquirers/companies and lead managers must undertake complementary outreach (post, SMS, television, digital ads) and publish advertisements notifying shareholders of electronic dispatch and web availability in the same newspapers as the original public statements; additional newspapers and electronic media may be used. Electronic inspection of material documents must be provided.
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Provisions expressly mentioned in the judgment/order text.
Relaxation of procedural requirements allows electronic service of offer documents and electronic inspection for open offers and buy-backs.
Relaxation permits electronic transmission of letters of offer, tender forms and related materials for open offers and buy-back tender offers up to July 31, 2020, provided the documents are published on the company, registrar, stock exchange and manager websites. Acquirers/companies and lead managers must undertake complementary outreach (post, SMS, television, digital ads) and publish advertisements notifying shareholders of electronic dispatch and web availability in the same newspapers as the original public statements; additional newspapers and electronic media may be used. Electronic inspection of material documents must be provided.
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