The Capital Markets (Take-Overs and Mergers) Regulations
29. Transfer to the offeror
29. Transfer to the offeror
On completion of the take-over offer, the offeree shall ensure prompt transfer of the accepted voting shares to the offeror in the register of members maintained as required under the rules of the securities exchange or the Central Depositories Act (Cap. 485C) in the case of electronic transfer and registration.Source: Kenya Law