THE CORPORATIONS LAW

CHAPTER 6 - TAKEOVERS

PART 6.5 - THE TAKEOVER PROCEDURE

Division 4 - Updating and correcting the bidder's statement and target's statement

SECTION 647   TO WHOM SUPPLEMENTARY STATEMENT MUST BE SENT  

647(1)  (Target)  

A supplementary bidder's statement must be sent to the target as soon as practicable.

647(2)  [Bidder]  

A supplementary target's statement must be sent to the bidder as soon as practicable.

647(3)  [Other bodies]  

Either kind of supplementary statement must as soon as practicable be:

(a)  lodged with ASIC; and

(b)  if the bid class securities are quoted and the target is listed - sent to each relevant securities exchange that has a stock market on which the target's securities are quoted; and

(c)  if the bid is an off-market bid and the bid class securities are not quoted - sent to all holders of bid class securities who have not accepted an offer under the bid.

Note:

Sections 648B and 648C provide for the manner in which documents may be sent to holders.