Companies (Amendment) Act, 1999
|
Interpretation. |
1.—(1) In this Act— | |
“the Act of 1990” means the Companies Act, 1990 ; | ||
“closing date” has the meaning assigned by the Stabilisation Rules; | ||
“the Principal Act” means the Companies Act, 1963 ; | ||
“stabilising period” has, in relation to anything done in the State pursuant to the Stabilisation Rules, the meaning assigned by the Stabilisation Rules and, in relation to anything done in a jurisdiction outside the State for the purpose of stabilising or maintaining the market price of securities, means the period beginning on— | ||
(a) in the case of an issue or offer for sale of securities (not being an issue of debentures or other debt securities), the date on which the earliest public announcement of such issue or offer is made which states the issue price or the offer price, as the case may be, for those securities, or | ||
(b) in the case of an issue of debentures or other debt securities, the date on which the earliest public announcement of such issue is made, whether or not that announcement states the issue price, | ||
and ending on the expiration of— | ||
(i) the day which is 30 days after the closing date, or | ||
(ii) the day which a manager appointed by the issuer or, as the case may be, the offeror to conduct stabilising activity shall have notified a stock exchange on which stabilising activity was being conducted as the day on which it determined that it would take no further action to stabilise or maintain the market price of the securities concerned, | ||
whichever first occurs; | ||
“Stabilisation Rules” means the rules referred to by that name which are set out in the Schedule. | ||
(2) In this Act— | ||
(a) a reference to a Part, section or Schedule is a reference to a Part or section of, or a Schedule to, this Act, unless it is indicated that reference to some other enactment is intended, | ||
(b) a reference to a subsection, paragraph, subparagraph, clause or subclause is a reference to the subsection, paragraph, subparagraph, clause or subclause of the provision in which the reference occurs unless it is indicated that reference to some other provision is intended, and | ||
(c) a reference to any enactment is a reference to that enactment as amended, extended or adapted by or under any subsequent enactment including this Act. |