CodeWord Issue 32 - November 2012

In this issue

Takeovers Amendment Act 2012 - New Definition of Code Company

The Takeovers Amendment Act 2012 came into force on 31 August 2012. This Act makes several amendments to the principal legislation, the Takeovers Act ...

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Update on Panel Members

From 1 October 2012, David Jones has been reappointed as Chairman of the Takeovers Panel for a further term of three years, and current Member, Andy C...

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The Panel has granted a class exemption for trustees of family trusts

Many shareholders in Code companies hold shares in the capacity as a trustee of a private family trust. The Takeovers Panel has granted a class exempt...

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Guidance Note on defensive tactics

The Panel has now issued a new Guidance Note on the rules in the Code that relate to defensive tactics by target companies. The guidance note can be f...

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New website

You may have noticed that the Takeovers Panel has updated its website. Have a look at the new website and let us know what you think.

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