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New version applies from 20/04/2009 — introduced by Regulation (EC) No 219/2009. 48 provisions change. Later versions: 02/07/2014, 12/08/2022, 09/01/2024. Article 16 changes in this version: compare with the current text.

Article 16 - The right of sell-out

Article 16
The right of sell-out

1. Member States shall ensure that, following a bid made to all the holders of the offeree company’s securities for all of their securities, paragraphs 2 and 3 apply.

2. Member States shall ensure that a holder of remaining securities is able to require the offeror to buy his/her securities from him/her at a fair price under the same circumstances as provided for in Article 15(2).

3. Article 15(3) to (5) shall apply mutatis mutandis.

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