Notification to Court where proceeding is commenced before end of takeover bid period (Corporations Act s 659B)
12.1B Notification to Court where proceeding is commenced before end of takeover bid period (Corporations Act s 659B)
This rule applies to a party to a proceeding who suspects or becomes aware that:
the proceeding was commenced in relation to a takeover bid, or proposed takeover bid, before the end of the bid period; and
the proceeding falls within the definition of court proceedings in relation to a takeover bid or proposed takeover bid in subsection 659B(4) of the Corporations Act.
The party identified in subrule (1) must, immediately on suspecting or becoming aware of the matters mentioned in subrule (1), notify any other party to the proceeding and the Court of that suspicion or knowledge.
The party must comply with subrule (2), unless any other party to the proceeding has given a notice under this rule to the party.
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