Company to notify members
(1) A company that is given a notice by a person
under section 665D in relation to a class of securities must notify its
members in writing that:
- (a)
- the person:
- (i)
- has become an 85% holder in relation to the class; or
- (ii)
- continues to be an 85% holder in relation to the class; and
- (b)
- the person will be able to acquire the securities in that class under this
Part if the person becomes a 90% holder in relation to that class.
Time for notifying members
(2) The company must notify its members before, or
at the same time as, whichever of the following it first gives to its members
after the company is given the notice under section 665D:
- (a)
- a notice
under another provision of this Act;
- (b)
- a report under a provision of this Act.
Information about 85% holder to be prominent if included in other material
given to members
(3) If a company notifies its members under this section by
including the information referred to in paragraphs (1)(a) and (b) in:
- (a)
- a notice given to members under another provision of this Act; or
- (b)
- a report given to members under a provision of this Act;
the information must appear prominently in the notice or report.