Section 136: Requirements as to bid under take-over bid.

(1) A bid, being an invitation, under a take-over bid, shall be incorporated in a document that:
(a) states the name and address of the offeror or, where two or more persons constitute the offeror, each offeror, and in the case of an offeror that is a corporation, a statement of the date on which the approval of the directors of the corporation was given pursuant to subsection (1) of section 137 of this Act.
(b) specifies the maximum number and other particulars of the shares in the offeree company proposed to be acquired during a period specified in the invitation;
(c) specifies the terms on which those shares are proposed to be acquired;
(d) specifies the number and other particulars of the shares in the offeree company to which:
(i) the offeror; and
(ii) any company in the same group of companies as the offeror or any one of the offerors, is or are entitled immediately before the date of the take-over bid.
(e) states, if applicable, the matter required to be stated by paragraph (c) of section 142 of this Act or paragraph (e) of section 144 of this Act; and
(f) specifies or sets out such other matters as may be prescribed by regulations to be included in the invitation.
(2) A bid, being an offer, under a take-over bid shall be incorporated in a document that:
(a) states or specifies the matter referred to in subsection (1) (a) and (b) of this section;
(b) specifies the number and other particulars of the shares in the offeree company proposed to be acquired during a period specified in the offer;
(c) specifies the terms of the offer in respect of those shares;
(d) sets out how and by what date the obligations of the offeror are to be satisfied;
(e) sets out all other particulars of the offer;
(f) states, if applicable, the matter required to be stated by paragraph (c) of section 142 of this Act or paragraph (e) of section 144 of this Act; and
(g) specifies or sets out such other matters as may be prescribed by regulations to be included in an offer.