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Relevant company.
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2.—In this Act, “relevant company” means—
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(a) a public limited company or other body corporate incorporated in the State the trading, on a market regulated by a recognised stock exchange, of one or more of the securities of which is for the time being authorised by that exchange,
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(b) a public limited company or other body corporate incorporated in the State the trading as aforesaid of one or more of the securities of which is not for the time being authorised by a recognised stock exchange but was so authorised at any time within the period of 5 years prior to the date on which the relevant proposal in relation to the takeover or other relevant transaction concerned was made,
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(c) any other public limited company which, in order to secure more fully the protection of shareholders, the Minister, after consultation with the Panel, prescribes for the purposes of this definition,
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but does not include—
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(i) an undertaking for collective investment in transferable securities (within the meaning of the UCITS Regulations) that is authorised under those Regulations or by a competent authority in another member state of the European Communities in accordance with laws or measures adopted to implement Council Directive 85/611/EEC of 20th December, 19851
(as amended by Council Directive 88/220/EEC of 22nd March, 19882
),
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(ii) an investment company within the meaning of Part XIII of the Act of 1990.
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1O.J. No. L375, 31.12.85, p.3.
2O.J. No. L100, 19.4.88, p.3. |
