ADVOKS GLOBAL · KENYA
Companies Act
609. Power of offeror to require general meeting to be convened
Edition: 2024-12-27 · In force
609. Power of offeror to require general meeting to be convened
(1)If a takeover bid is made for an opted-in company, the offeror may, by making a request to the directors of the company, require them to convene a general meeting of the company if, at the date at which the request is made, the offeror holds shares amounting to not less than seventy-five percent in value of all the voting shares in the company.(2)The reference in subsection (1) to voting shares in the company does not include—(b)shares that, under the company's articles of association, do not normally carry rights to vote at its general meetings (for example, shares carrying rights to vote that, under those articles, arise only if specified pecuniary advantages are not provided).(3)Sections 277 to 279 apply (with necessary modifications) to the convening of a general meeting for the purpose of considering the takeover bid.