Section 617 — Corporations Act 2001: Securities covered by the bid

Off-market bid (1) An off-market bid must relate to securities: (a) in a class of securities (the bid class); and (b) that exist or will exist as at the date set by the bidder under subsection 633(2). Note: Subsection 92(3) defines securities for the purposes of this Chapter. (2) If other securities exist or will exist at that date that: (a) will convert, or may be converted, to securities in the bid class; or (b) confer rights to be issued securities in the bid class; the bid may extend to securities that come to be in the bid class during the offer period due to a conversion or exercise of the rights. Note: The bidder’s statement must say if the bid is extended in this way (see paragraph 636(1)(j)). Market bid (3) A market bid must relate to securities: (a) in a class of quoted securities (the bid class); and (b) that exist or will exist at any time during the offer period.