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  

664B(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.

664B(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.