Article 237-10 into force since
- Version into force since
The sole beneficiaries of the facility whereby the offeror covers brokerage commissions up to an amount set by it, including, where applicable, stock exchange tax, shall be those sellers whose securities were registered on their account prior to the opening of a simplified tender offer in which the offeror has explicitly declared its intention, if the conditions allow it after the offer, to request the implementation of a squeeze-out;
To this end, except in the case referred to in the first paragraph of Article 237-9, the market operator concerned puts in place a procedure for centralising orders placed in response to such offer.
Requests for refunds must be accompanied by documentary evidence of the sellers' rights.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02