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StatuteCorporations Act 2001

Section 664B — Corporations Act 2001: The terms for compulsory acquisition

Text of the provision Official document

(1) The 90% holder may acquire the securities in the class for a cash sum only and, subject to subsection (2), must pay the same amount for each security in the class acquired. (2) The 90% holder may pay different amounts for the securities in the class acquired if the differences are attributable to either or both of the following: (a) the fact that there are differences in the accrued dividend or distribution entitlements of the securities; (b) the fact that there are differences in the amounts paid up, or that remain unpaid, on the securities.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.