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Companies Act, 1973 (Act No. 61 of 1973)

The Securities Regulation Code on Takeovers and Mergers

The Code

Section O. Redemption or Reduction by a Company of its own Securities

Rule 33. Redemption or Reduction of Securities by the Offeror/Offeree Company

 

 

Any redemption or reduction of securities of the offeror company or the offeree company made or to be made in terms of an offer or any such redemption or reduction effected within 12 months prior to the commencement of the offer period shall be disclosed in terms of Rule 7 and in all relevant offer documents.