ADVOKS GLOBAL · KENYA
The Capital Markets (Take-Overs and Mergers) Regulations
20. Announcement of acceptances
Edition: 2022-12-31 · In force
20. Announcement of acceptances
The offeror shall inform the Authority and the securities exchange within ten days of the closure of the offer and announce by way of press notice in at least two English language dailies of national circulation the total number of voting shares to which the take-over offer relates—(a)for which acceptances of the take-over offer have been received after having been served with the take-over offer document by the offeror to offeree shareholders in accordance with regulation 7(4);(b)held by the offeror and all persons acting in concert with the offeror at the time of serving the offer document to the offeree shareholders in accordance with regulation 7(4);(c)acquired or agreed to be acquired during the offer period; and(d)the shareholding structure of the offeree subsequent to the take-over offer.