Victorian Repealed Regulations

This legislation has been repealed.

Co-operatives Regulations 1997 - SCHEDULE 6

NOTICE TO REMAINING SHAREHOLDER 1. To
of A. The transferee (insert name of person giving notice) on (insert date)
made offers to the holders of shares *in (insert name of co-operative)
Limited/*included in a class of shares in (insert name of co-operative)
Limited for the transfer of those shares to the transferee, not being offers
made under a scheme or contract to which Division 2 of Part 11 of the
Co-operatives Act 1996 applies; and B. Under the scheme or contract the
transferee became on (insert date) beneficially entitled to shares in that
co-operative which together with any other shares in that co-operative to
which the transferee, or the transferee and any body corporate related to the
transferee, is beneficially entitled, comprise or include 90 % in nominal
value of the shares concerned; and C. You are the holder of remaining shares
*in that co-operative/*included in that class of shares in that co-operative
and have not assented to the scheme or contract or been given notice in
respect of those shares by the transferee under section 355(1) of the
Co-operatives Act 1996. 2. The transferee gives you notice under
section 357(1)(a) of the Co-operatives Act 1996 that under that scheme or
contract the transferee on (insert date) became beneficially entitled to
shares in (insert name of co-operative) Limited and those shares together with
any other shares in that co-operative to which the transferee, or the
transferee and any body corporate related to the transferee, is beneficially
entitled, comprise or include 90 % in nominal value of the shares *in that
co-operative/*included in that class of shares in that co-operative. 3. You
are entitled under section 357(1)(b) of the Co-operatives Act 1996, within 3
months after being given this notice, by notice to the transferee, to require
the transferee to acquire your shares.

*4. You are entitled under section 357(1)(b) of the Co-operatives Act 1996,
within 3 months after being given this notice, to elect by notice to the
transferee which of the alternative terms offered to the approving
shareholders under the scheme or contract you will accept. The alternative
terms are as follows-(insert details) 5. If you require the transferee to
acquire the shares held by you the transferee will be entitled and bound to
acquire those shares- (a) on the terms that under the scheme or contract were
offered to the approving shareholders; or (b) if alternative terms were
offered-

   (i)  on the terms for which you have elected; or (ii) if you do not so
        elect, on whichever of the terms the transferee determines; or (c) on
        such other terms as are agreed or as the Supreme Court on the
        application of the transferee or of yourself orders.
Dated         19


(signature of transferee)

* Omit if not applicable _______________