Remedy
Start free

Section 977: Shares to which an offer relates

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 28: Takeovers etc — Chapter 3: "Squeeze-out" and "Sell-out"

Where a takeover offer is made and, during the period beginning with the date of the offer and ending when the offer can no longer be accepted, the offeror—

acquires or unconditionally contracts to acquire any of the shares to which the offer relates, but
does not do so by virtue of acceptances of the offer,

those shares are treated for the purposes of this Chapter as excluded from those to which the offer relates.

This section is subject to section 979(8) and (9).

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.