What is an Affected Transaction?

An affected transaction is difficult to define but can be summarised as the following:

• Disposal of all or the greater part of the assets or business of a regulated company (unless as part of business rescue).
• An amalgamation or merger involving at least one regulated company (unless as part of business rescue).
• A scheme of arrangement between a regulated company and its shareholders (unless as part of business rescue).
• The acquisition or intention to acquire a beneficial interest in the voting shares of a regulated company.
• The announced intention to acquire a beneficial interest in the remaining voting securities of a regulated company.
• A mandatory offer or compulsory acquisition.

Updated on: 24/08/2023