403V
In forceChange in purchase price or cash premium if offer period extended
Chapter 7General
Part 1DProvisions about offers
403V Change in purchase price or cash premium if offer period extended
(1)
This section applies if—
(a)
an offer includes a purchase price, or a cash premium, that is not fixed by reference to a particular date; and
(b)
the offeror extends the period for which the offer is valid under section 403R(3) or (4).
(2)
The offeror may amend the offer to change the purchase price or cash premium.
(3)
The offeror must decide the new purchase price or cash premium in the way the offeror was required to decide the original purchase price or cash premium under this Act.
This Act’s bill:Explanatory memorandum
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