Commonwealth Numbered Acts

COMPANIES (ACQUISITION OF SHARES) ACT 1980 No. 64 of 1980 - SECT 18

PART III-PROVISIONS RELATING TO TAKE-OVER OFFERS
18. (1) A person, or 2 or more persons together, shall not cause a Part A
statement to be served on a target company unless-

   (a)  a copy of that Part A statement; and

   (b)  a copy of one of the proposed offers to which that Part A statement
        relates, being a copy that need not include-

        (i)    the name or address of the offeree;

        (ii)   the date that the offer will bear or any other date that is
               related to or dependent upon that date; or

        (iii)  the particulars referred to in sub-paragraph 16 (2) (f) (iv),
               have been registered by the Commission not earlier than 21 days
               before that Part A statement is served.

(2) Where a copy of a Part A statement and a copy of a proposed offer are
lodged with the Commission for registration under sub-section (1), the Com-
Commission shall not register the copy of the statement or the copy of the
proposed offer unless-

   (a)  the statement and proposed offer appear to comply with the
        requirements of this Act and the Commission is of the opinion that the
        statement and the proposed offer do not contain any matter that is
        false in a material particular or materially misleading in the form or
        context in which it appears; and

   (b)  in respect of each report referred to in paragraph 1 (e) of Part A of
        the Schedule that is set out in the copy of the statement-there is
        lodged with the Commission a notice in writing signed by the person or
        persons by whom the report is made to the effect that the person
        consents, or that each of those persons consents, to the inclusion of
        the report in the statement in the form and context in which it is
        included.

(3) A Part A statement served on a target company in contravention of this
section shall, for the purposes of this Act other than this section and
section 44, be deemed not to have been served.