SCHEDULE 3AMENDMENTS IN CONSEQUENCE OF PROVISION MADE IN PART 28 OF THE COMPANIES ACT 2006 (TAKEOVERS ETC)
The Companies (Forms) (Amendment) Regulations 19875
1
Part 2 of Schedule 2 to those Regulations is amended as follows.
2
In Companies Form 429(4)—
a
in the title, for “429(4)” substitute “980(1)”;
b
for “section 429(4) of the Companies Act 1985 as inserted by Schedule 12 to the Financial Services Act 1986” substitute “section 980(1) of the Companies Act 2006”;
c
for the sentence commencing “The offeror(s) has/have within 4 months …” substitute “The offeror(s) has/have, within the relevant time period specified in section 980(2) of the Companies Act 2006, satisfied the conditions contained in subsection (2) or (4) of section 979 of that Act.”;
d
for “section 429 of the Companies Act 1985” substitute “section 979 of the Companies Act 2006”; and
e
for “section 430C of the Companies Act 1985” substitute “section 986 of the Companies Act 2006”.
3
In Companies Form 429dec—
a
in the title, for “429dec” substitute “980dec”; and
b
for “section 429(4) of the Companies Act 1985 as inserted by Schedule 12 to the Financial Services Act 1986” substitute “section 980(4) of the Companies Act 2006”.
4
In Companies Form 430(A)—
a
in the title, for “430(A)” substitute “984”;
b
for “section 430A(3) of the Companies Act 1985 as inserted by Schedule 12 to the Financial Services Act 1986” substitute “section 984(3) of the Companies Act 2006”;
c
for the sentence commencing “On … the offeror(s) had acquired” substitute “On … the offeror(s) had satisfied the conditions in section 983(2), (3) or (4) of the Companies Act 2006.”;
d
for the sentence commencing “You have until …” substitute “You have until … (the time specified in section 984(2) of the Companies Act 2006) to advise the offeror(s) in writing at (state address of offeror) … if you require him/them to acquire your shares and if so, on what terms.”; and
e
for “section 430C of the Companies Act 1985” substitute “section 986 of the Companies Act 2006”.