Compulsory acquisition notice

(1) To compulsorily acquire securities under subsection 661A(1) or (3), the bidder must:

(a)

prepare a notice in the prescribed form that:

(i)

informs the holders of the securities that the bidder is entitled to acquire their securities under that subsection; and

(ii)

informs the holders about the compulsory acquisition procedure under this Part, including:

(A) their right under section 661D to obtain the names and addresses of everyone else the bidder has given the notice to; and (B) their right under section 661E to apply to the Court for an order that the securities not be compulsorily acquired; and

(b)

lodge the notice with ASIC; and

(c)

give the notice to each other person who is:

(i)

a holder of securities in the bid class; or

(ii)

if the bidder elects under paragraph 661A(4)(c) to acquire securities that come to be in the bid class after the notice is given—a holder of the convertible securities referred to in that paragraph; and

(d)

give a copy to each relevant securities exchange on the same day as it is lodged with ASIC if the target is listed.