12 DEC. 90
16:59
LINKLATERS & PAINES 852 8107021 LINKLATERS & PAINES } P. 10
5.
The offer period
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The offer period shall begin on the day that the offer document and the notice of meeting convening a special meeting of shareholders to approve the share repurchase are posted for delivery to shareholders. The offer shall remain open
least until the close of business on the tenth day immediately following the day on which shareholders approve the share repurchase.
at
An acceptor of an offer is entitled to withdraw his acceptance at any time prior to the later of the date the offer is approved by shareholders and the date the offer is declared unconditional.
If the offer 18 conditional it must specify the latest day when the offeror can declare the offer unconditional. Where a conditional offer becomes or is
declared unconditional it should remain open for acceptance for not less than ten days thereafter.
Ап offer shall not be kept open after the expiry of 60 days from the date of posting of the offer document unless it has previously become unconditional and shall not ba replaced with a revised offer after the expiry of the 46th day, except with the permission of the Chairman.
If, in the course of the offer, the offeror revises the terms of its offer, all offeree shareholders, whether or not they have
have already accepted the offer, will be entitled to the revised terms. A revised offer must be kept open for at least ten days from the date of posting written notification of the revision to shareholders.