Notice Of Mandatory Bidders Bite And Redemption Of A Takeover Bid

Original Language Title: Notice Of Bidders Mandatory Bid And Redemption Of A Takeover Bid

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Read the untranslated law here: https://www.retsinformation.dk/Forms/R0710.aspx?id=133445

Ordinance on the duty of redemption and redemption rights by tenderers a overtagelsestilbud1)

Under section 71, paragraph 4, and section 367, paragraph 4, of law No. 470 of 12. June 2009 on public limited companies and private limited companies (companies Act), as amended by Act No. 159 of 16. February 2010: Statement of acquisitions shall be determined



§ 1. For acquisitions after the Danish companies Act section 70 (2), (3). paragraph, account shall be taken of only shares and voting rights, the offeror owns.

(2). The owner of the company's own shares shall be taken into account these not in company capital by declaration in accordance with paragraph 1.

Penalty



§ 2. Violation of § 1 are punishable by a fine.

(2). That can be imposed on companies, etc. (legal persons) criminal liability in accordance with the provisions of the criminal code 5. Chapter.

Date of entry into force of



§ 3. The notice shall enter into force on the 1. October 2010.

(2). Executive Order No. 724 of 7. July 2005 on tenderers redemption obligation and redemption rights by a takeover bid shall be repealed.

The Danish Commerce and companies Agency, on 24 October. September 2010 Ole Blöndal/Grethe Krogh Jensen Official notes 1) Ordinance contains provisions implementing parts of a European Parliament and Council Directive 2004/25/EC of 21. April 2004 on takeover bids (Official Journal of the European Union 2004 nr. L 142, page 12).