V-1.1 - Securities Act

Full text
143. (Replaced).
1982, c. 48, s. 143; 1984, c. 41, s. 40; 1987, c. 40, s. 31; 2006, c. 50, s. 41.
143. Neither the offeror nor his joint actors shall, on and from the day of the announcement of the bid until its expiry, sell any securities that would reduce their interest, or enter into an agreement that would permit them to sell the securities with the same result, but the joint actors may deposit securities in response to the bid.
Notwithstanding the foregoing, an offeror who has disclosed his intention to sell in the take-over bid circular may before the expiry of the bid enter into an agreement to sell securities that may be taken up after the expiry of the bid.
1982, c. 48, s. 143; 1984, c. 41, s. 40; 1987, c. 40, s. 31.
143. Every person other than the offeror who, during a take-over bid, acquires at least 5% of the securities of the class or series that is the subject of the bid shall before ten o’clock in the morning on the next working day file a report with the Commission in the form prescribed by regulation.
1982, c. 48, s. 143.