Section 971 | Interpretation of this Chapter

(1)In this Chapter—^F1F2F3F4F5

“offeror”, in relation to a takeover bid, means the person making the bid;

“offer period”, in relation to a takeover bid, means the time allowed for acceptance of the bid by—

(a)rules under section 943(1) made in accordance with paragraph 13 of Schedule 1C;

“opted-in company” means a company in relation to which—

(a)an opting-in resolution has effect, and

(b)the conditions in section 966(2) and (4) continue to be met;

“opting-in resolution” has the meaning given by section 966(1);

“opting-out resolution” has the meaning given by section 966(5);

“takeover bid” has the meaning given by paragraph 20(1) of Schedule 1C;

“voting rights” means rights to vote at general meetings of the company in question, including rights that arise only in certain circumstances;

“voting shares” means shares carrying voting rights.

(2)For the purposes of this Chapter—

(a)securities of a company are treated as shares in the company if they are convertible into or entitle the holder to subscribe for such shares;

(b)debentures issued by a company are treated as shares in the company if they carry voting rights.