Reprint as at 1 July 2007

Takeovers Code (Class Exemptions) Notice (No 2) 2001

(SR 2001/170)

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

This notice is administered by the Takeovers Panel.

Pursuant to section 45 of the Takeovers Act 1993, the Takeovers Panel gives the following notice (to which is appended a statement of reasons of the Takeovers Panel).

1 Title

2 Commencement

3 Interpretation

Part 1
Exemptions for certain acquisitions of voting securities

4 Exemption for buyback approved by shareholders

5 Exemption for buyback that is not approved by shareholders: increased voting control eliminated within 6 months after increase

6 Exemption for increased voting control within 6 months after buyback reduced control percentage

Part 2
Exemptions for certain allotments of voting securities

7 Exemption for public offer of voting securities [Revoked]

8 Exemption for allotments pursuant to pro rata offer: increased voting control eliminated within 6 months after increase

9 Exemption for increased voting control within 6 months after allotments pursuant to pro rata offer reduced control percentage

10 Exemption for increased voting control within 6 months after allotments pursuant to non-pro rata offer reduced control percentage

Part 3
Miscellaneous exemptions

11 Exemption for lenders and receivers

12 Exemption for persons whose associates include lenders or receivers

13 Exemption for proxies

14 Exemption for persons whose associates include proxies

15 Exemption for corporate representatives

16 Exemption for persons whose associates include corporate representatives

17 Exemption for sharebrokers

18 Exemption for persons whose associates include sharebrokers

19 Exemption for underwriters [Revoked]

20 Exemption for executors, trustees, and administrators

21 Exemption for persons whose associates include executors, trustees, or administrators

22 Exemption for beneficiaries of wills and intestacies

23 Exemption for nominee companies and bare trustees of trusts

24 Exemption for persons whose associates include nominee companies or bare trustees

25 Exemption for transfers within wholly-owned groups

26 Exemption for share register disclosure [Revoked]

27 Revocation

Statement of reasons of Takeovers Panel

Gazette information

Takeovers Code (Class Exemptions) Notice (No 2) 2001 Amendment Notice 2007

Reprint notes

New Zealand Legislation: Regulations

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