Section 971 Interpretation of this ChapterC1

(1)

In this Chapter—

F1...
F2“offeror”, in relation to a takeover bid, means the person making the bid;
“offer period”, in relation to a takeover bid, means the time allowed for acceptance of the bid by—
1. (a)
  rules under section 943(1) F3made in accordance with paragraph 13 of Schedule 1C;
“opted-in company” means a company in relation to which—
1. (a)
  an opting-in resolution has effect, and
2. (b)
  the conditions in section 966(2) and (4) continue to be met;
“opting-in resolution” has the meaning given by section 966(1);
“opting-out resolution” has the meaning given by section 966(5);
F4“takeover bid” has the meaning given by paragraph 20(1) of Schedule 1C;
F5...
“voting rights” means rights to vote at general meetings of the company in question, including rights that arise only in certain circumstances;
“voting shares” means shares carrying voting rights.

(2)

For the purposes of this Chapter—

(a)

securities of a company are treated as shares in the company if they are convertible into or entitle the holder to subscribe for such shares;

(b)

debentures issued by a company are treated as shares in the company if they carry voting rights.

Annotations

F1: Words in s. 971(1) omitted (31.12.2020) by virtue of The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 11(a); 2020 c. 1, Sch. 5 para. 1(1)
F2: Words in s. 971(1) inserted (31.12.2020) by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 11(b); 2020 c. 1, Sch. 5 para. 1(1)
F3: Words in s. 971(1) substituted (31.12.2020) by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 11(d); 2020 c. 1, Sch. 5 para. 1(1)
F4: Words in s. 971(1) inserted (31.12.2020) by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 11(c); 2020 c. 1, Sch. 5 para. 1(1)
F5: Words in s. 971(1) omitted (31.12.2020) by virtue of The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 11(e); 2020 c. 1, Sch. 5 para. 1(1)

C1: Ss. 966-973 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 14(1) (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C1: Pt. 28 modified (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), arts. 1(2), 219(2)
C2: Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
C3: Pt. 28 modified (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 3
C4: Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2

C1: Pt. 28 Ch. 2 applied (6.4.2007) by The Companies Acts (Unregistered Companies) Regulations 2007 (S.I. 2007/318), reg. 3, Sch. (with reg. 6)