Exemptions for certain classes of persons, transactions, and offers.
Amends the Takeovers Code (Class Exemptions) Notice (No 2) 2001 (the principal notice) to include an exemption from rule 46(1)(a)(ii)(A) of the Takeovers Code. The exemption is on the condition that the statement is instead made available on the company’s Internet site within that 14-day period.
An exemption from rule 6(1) of the Code for trustee companies within the meaning of section 2 of the Trustee Companies Act 1967 and the Public Trustee or the Public Trust Office, which recognises the unique position of trustee corporations and their associates.
An exemption from rule 20 of Code in respect of unmarketable parcels; that is, parcels of securities that are less than the minimum holding specified by a relevant stock exchange.
An exemption from rule 6(1) of Code for professional underwriters.
This notice revokes the Takeovers Code (Offers Unconditional as to Level of Acceptance) Exemption Notice 2002 and is for all practical purposes redundant, but because it includes a transitional provision that preserves the original exemption for offers that commenced before 1 July 2007, this notice remains in force.
An exemption from rule 6(1) of the Code for persons who become a trustee of a family trust in relation to any increase in the person's voting control as a result of being appointed as a trustee of that trust, and an exemption for trustees of a family trust in relation to any increase in the person's voting control as a result of a reduction in the number of trustees of that trust.
An exemption from rule 6(1) of the Code to allow unlisted companies with total assets of $20 million or less to opt out of Code compliance. The exemption applies to share allotments, acquisitions and buybacks.