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CORPORATIONS ACT 2001

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS  

PART 6A.2 - GENERAL COMPULSORY ACQUISITIONS AND BUY-OUTS  

Division 1 - Compulsory acquisition of securities by 90% holder  

SECTION 664B  THE TERMS FOR COMPULSORY ACQUISITION  

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664B(1)  [Terms of payment]  


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.

664B(2)  [When entitled to pay different amounts]  

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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.


 



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