Corporations Act 2001

CHAPTER 1 - INTRODUCTORY  

PART 1.2A - DISCLOSING ENTITIES  

Division 2 - Meaning of disclosing entity and related terms  

SECTION 111AG   SECURITIES ISSUED AS CONSIDERATION FOR AN ACQUISITION UNDER AN OFF-MARKET TAKEOVER BID OR PART 5.1 COMPROMISE OR ARRANGEMENT  

111AG(1)   [ Securities issued for off-market takeover bid]  

Securities (except debentures) in a class of securities of a body are ED securities if:

(a) securities in that class have been issued by the body as consideration for offers under an off-market bid; and

(b) after an issue of securities in that class under the off-market bid, 100 or more persons held securities in that class; and

(c) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (b).

111AG(2)   [ Securities issued under compromise or arrangement]  

Securities in a class of securities of a body are ED securities if:

(a) securities in that class have been issued as consideration for the acquisition or cancellation of securities of another body pursuant to a compromise or arrangement under Part 5.1; and

(b) securities in that class, or those or any other securities of the other body, were ED securities immediately before securities in that class were first issued pursuant to the compromise or arrangement; and

(c) after an issue of securities in that class pursuant to the compromise or arrangement, 100 or more persons held securities in that class; and

(d) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (c).