# The Merger Reference (Yale & Valor plc and Myson Group plc) Order 1989, Article 2


(1) It shall be unlawful for Yale, any subsidiary of Yale or any associate–
(a) directly or through any nominee or trustee to acquire any shares or interest in shares of Myson or any subsidiary of Myson in circumstances where Yale, its subsidiaries and any associate hold, or after the acquisition would hold, directly or indirectly, 15 per cent or more, or an interest in 15 per cent or more, of any class of voting shares of Myson or of any subsidiary of Myson, or
(b) to exercise, directly or indirectly, at any general meeting of, or of any class of the members of, Myson or any of its subsidiaries, any voting rights conferred by the holding of shares or attaching to any interest in shares if the aggregate of the voting rights exercised by or on behalf of Yale, its subsidiaries and any associate would amount to 15 per cent or more of the total of the voting rights exercisable on the resolution in question, or
(c) to enter into any agreement or arrangement with any other person with a view to or for the purpose of acting together to secure or exercise control of Myson or any of its subsidiaries or of any of the enterprises thereof;
and for the purposes of subparagraph (b) above, the total of the voting rights exercisable on the resolution in question does not include any voting rights which are not exercisable by reason of the application of that subparagraph.
(2) Subparagraph (a) of paragraph (1) of this Article shall not apply to anything done in pursuance of an agreement to acquire shares or interests in shares made before 9.00 am on 31st August 1989 and legally enforceable against Yale, its subsidiaries or any associate.

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Source: https://www.legislation.gov.uk/uksi/1989/1559/article/2 (the official version)
Page: https://openlegislation.uk/merger-reference-yale-valor-plc-and-myson-group-plc-order-1989/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.