Companies Act 2014

1087E

F401 [ Disapplication of additional requirement

1087E. (1) Where a relevant scheme, contract or offer under section 457 is made in the capital of a relevant issuer that is an offeree company, the additional requirement in section 458(3) does not have to be satisfied with regard to the offeror’s right of buy-out.

(2) In subsection (1)

‘offeree company’ and ‘offeror’ have the same meaning as they have respectively in section 457(1) ;

‘relevant scheme, contract or offer’ has the same meaning as it has in section 457(1) . ]

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F401

Inserted (15.03.2021) by Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020 (23/2020), s. 12, S.I. No. 98 of 2021.