Corporations Act 2001
View history note
Hide history noteSecurities (except debentures) in a class of securities of a body are ED securities if:
(a) securities in that class have been issued by the body as consideration for offers under an off-market bid; and
(b) after an issue of securities in that class under the off-market bid, 100 or more persons held securities in that class; and
(c) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (b). 111AG(2) [ Securities issued under compromise or arrangement]
Securities in a class of securities of a body are ED securities if:
(a) securities in that class have been issued as consideration for the acquisition or cancellation of securities of another body pursuant to a compromise or arrangement under Part 5.1; and
(b) securities in that class, or those or any other securities of the other body, were ED securities immediately before securities in that class were first issued pursuant to the compromise or arrangement; and
(c) after an issue of securities in that class pursuant to the compromise or arrangement, 100 or more persons held securities in that class; and
(d) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (c).
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