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Under Dutch takeover rules, every share purchase an offeror makes in the target company during a live bid must be reported to the market.
That obligation sits in Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids (Besluit openbare biedingen Wft), and it is the filing mechanism behind NNS Holding (Cyprus) Limited's disclosure of a share acquisition in OCI.
What the Decree requires The Besluit openbare biedingen Wft is the Dutch regulatory framework governing public tender offers for securities.
Section 5, paragraph 4 specifically addresses the offeror's conduct during the offer period: each time shares in the target are acquired, a press release must be issued. The purpose is price transparency.
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