Competing Offer. If prior to the Scheme becoming effective: 2.1.1 a third party announces a firm intention pursuant to Rule 2.7 of the Code to acquire the entire issued and to be issued ordinary share capital of the Company and the consideration payable to each Share under such proposal represents a premium of more than 10 per cent. to the price per share being offered at that time by the Offeror (a “Competing Offer”); and 2.1.2 Bidco does not increase the consideration to be paid for the Shares pursuant to the Offer to at least an equivalent amount per share within seven days of the Competing Offer, then, notwithstanding any other terms of this letter, we may accept or exercise the voting rights attaching to our Shares, or undertake to accept or exercise the voting rights attaching to our Shares in favour of that Competing Offer.
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