Section 143: Bid for less than all shares.

(1) Where a bid under a take-over bid is for less than all the shares of any class in the offeree company:
(a) the offeror shall not take up shares deposited pursuant to the bid until twenty-one days after the date of the takeover bid;
(b) the period of time within which shares may be deposited pursuant to the bid, or any extension thereof, shall not exceed thirty-five days from the date of the takeover bid; and
(c) if a greater number of shares is deposited pursuant to the bid than the offeror is bound or willing to take up and pay for, the shares taken up by the offeror shall be taken up rateably, disregarding fractions, according to the number of shares deposited by each shareholder.
(2) Where a bid under a take-over bid for all the shares of any class in the offeree company is converted by amendment or otherwise to a bid for less than all those shares, the bid shall be deemed to be a bid to which subsection (1) of this section applies.