Guidance · ASIC · 2 Oct 1995 · RG-102

RG 102 Tender offers by vendor shareholders

ASIC issued this guide to indicate the circumstances under which it will exercise discretionary powers to facilitate share sales by tender when at least 20% of a company’s shares are offered. The document outlines the specific procedures required for shareholders seeking to sell their shares through this method. It also notes that applications for relief must be submitted via the ASIC Regulatory Portal as of July 2020.

AustraliaAustralian Securities and Investments Commission

Issued 2 October 1995

This guide indicates the circumstances in which we will exercise our discretionary powers in order to facilitate the sale of shares by tender where at least 20% of a company’s shares are being offered for sale. It also sets out the procedures required of any shareholders seeking to sell their shares in this manner.

Note:
From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal . For more information, see how you apply for relief .

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