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  • Timeline of Acquisition

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    Kihan Katami
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    This timeline outlines the key steps in an acquisition process over a 30 calendar day period: 1) An extraordinary general meeting of shareholders is held where the acquisition plan and plan to raise authorized capital are presented. 2) An announcement of the acquisition is published in a newspaper for 14 calendar days. 3) If no objections are received within 14 days, an invitation is issued to conduct a general meeting of shareholders to approve the acquisition and raise authorized capital. 4) Upon approval, documents are signed, articles of association are amended, and the acquisition is reported online and to the Ministry of Law and Human Rights.

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    This timeline outlines the key steps in an acquisition process over a 30 calendar day period: 1) An extraordinary general meeting of shareholders is held where the acquisition plan and plan to raise authorized capital are presented. 2) An announcement of the acquisition is published in a newspaper for 14 calendar days. 3) If no objections are received within 14 days, an invitation is issued to conduct a general meeting of shareholders to approve the acquisition and raise authorized capital. 4) Upon approval, documents are signed, articles of association are amended, and the acquisition is reported online and to the Ministry of Law and Human Rights.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Timeline of Acquisition

    Uploaded by

    Kihan Katami
    This timeline outlines the key steps in an acquisition process over a 30 calendar day period: 1) An extraordinary general meeting of shareholders is held where the acquisition plan and plan to raise authorized capital are presented. 2) An announcement of the acquisition is published in a newspaper for 14 calendar days. 3) If no objections are received within 14 days, an invitation is issued to conduct a general meeting of shareholders to approve the acquisition and raise authorized capital. 4) Upon approval, documents are signed, articles of association are amended, and the acquisition is reported online and to the Ministry of Law and Human Rights.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Timeline of Acquisition

    30 calendar days
    (“Newspaper 30 calendar days
    Announcement after approval from
    14 calendar days since the expired date
    7 calendar days Period”) the MLHR has been
    of Newspaper Announcement Period
    obtained
    INVITATION TO CONDUCT
    GMS
    Agenda:
    EXTRAORDINARY NEWSPAPER NO OBJECTION → 1. Approval to EXTRAORDINARY SIGNING OF AMANDMENT OF ANNOUNCEMENT
    GENERAL MEETING OF ANNOUNCEMENT Acquisition FILE REPORT OF
    GENERAL MEETING OF THE DEED THE ARTICLES OF OF ACQUISITION
    SHAREHOLDERS 2. Approval to Raise ACQUISITION AND
    Agenda: SHAREHOLDERS OF SALE ASSOCIATION OF
    the Authorized In 1 daily CHANGE OF
    Agenda: TRANSFER THE COMPANY
    1. Plan to Capital and Paid Agenda: newspaper SHAREHOLDERS
    OF SHARES REFLECTING THE
    1. Plan to Acquisition Acquisition Up Capital TO ONLINE SINGLE
    1. Approval to ACQUISITION AND
    2. Plan to Raise the 2. Plan to SYSTEM (OSS)
    Note: the approval is valid Acquisition APPROVAL FORM
    Authorized Capital Raise the
    provided that at least ¾ of 2. Approval to Raise THE MINISTRY OF
    and Paid Up Capital Authorized
    the shareholders with valid the Authorized LAW AND HUMAN
    Capital and Capital and Paid RIGHTS
    voting rights is
    Paid Up Up Capital
    present/represented in the
    Capital
    GMS; and such decision
    Note: to find out must be approved by at
    whether there will be least ¾ of the shareholders
    objection INfrom
    THE EVENT OF OBJECTION FROM
    the present/represented in the
    CREDITOR
    creditors and GMS.
    employeesCreditor
    or not may submit the objection at
    the latest 14 calendar days after
    Newspaper Announcement.
    The objection shall be settled in
    General Meeting of Shareholders.

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