CmaBylaw
Executive Bylaws
3-2-3 Procedures for Disclosing a Mandatory Acquisition Offer Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Sunday, 05 February 2017
A Person obligated to submit a Mandatory Acquisition Offer shall immediately disclose their obligation to submitting an Acquisition Offer Document even if they do not have all the related information. If an obligated Person abstains from disclosure within thirty days commencing from the date of notification of a resolution by the Authority requiring them to submit an Acquisition Offer, the Authority shall announce its resolution in the relevant Exchange; provided it shall include the following information: 1. Name of the person obligated to submit an Offer whether it be a natural Person or a corporate entity. 2. Name of the Offeree company where the Offeree company is listed on the Exchange. 3. The requirement to complete the Mandatory Acquisition Offer in thirty days. 4. A reminder of the penalties for the violation of such provisions as are set out in the Law.
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