76C. Authority for off‑market acquisition on equal access scheme

specify the maximum number of shares or the maximum percentage of ordinary shares authorised to be purchased or acquired;

determine the maximum price which may be paid for the shares;

specify a date on which the authority is to expire, being a date that must not be later than the date on which the next annual general meeting of the company is or is required by law to be held, whichever is the earlier; and

specify the sources of funds to be used for the purchase or acquisition including the amount of financing and its impact on the company’s financial position.

specifying a particular sum; or

providing a basis or formula for calculating the amount of the price in question without reference to any person’s discretion or opinion.

the offers under the scheme are to be made to every person who holds shares to purchase or acquire the same percentage of their shares;

all of those persons have a reasonable opportunity to accept the offers made to them;

the terms of all the offers are the same except that there must be disregarded —

differences in consideration attributable to the fact that the offers relate to shares with different accrued dividend entitlements;

differences in consideration attributable to the fact that the offers relate to shares with different amounts remaining unpaid; and

differences in the offers introduced solely to ensure that each member is left with a whole number of shares.