Securities Markets Order, 2013 · s 155

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s 155Authority's tender offer regulations

The Authority may make regulations -

1351

(a)

that require persons bidding for or holding in excess of a specified percentage of the equity securities of a public company established by the corresponding regulations to make an offer to purchase such equity securities of the public company;

(b)

that require equal treatment of security holders in connection with a tender offer;

BRUNEI DARUSSALAM GOVERNMENT GAZETTE fc}

that ensure tender offers made are not less favourable than prior offers;

fd}

that certain tender offers must be made in cash or provide a cash alternative; and fe} that require issuers to furnish shareholder lists to potential bidders.