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CORPORATIONS ACT 2001 - SECT 613 Bidder not to exercise voting rights if failure to send bids for off - market acquisition--exception 2 or 3

CORPORATIONS ACT 2001 - SECT 613

Bidder not to exercise voting rights if failure to send bids for off - market acquisition--exception 2 or 3

    If the exception in item   2 or 3 of the table in section   611 applies to an acquisition on - market during a takeover bid, the bidder is not entitled to exercise the voting rights attached to the shares if:

  (a)   the bid is an off - market bid; and

  (b)   the bidder fails to send offers under the bid within 28 days after giving the bidder's statement to the target.

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