CodeWord Issue 37 - October 2014
In this issue
Partial Offers - Specified Holder Certificates under Rules 14a-14e and Family Trusts
Rules 14A to 14E of the Code deal with the scaling of excess acceptances of a partial takeover offer where voting securities in the target company are…
Read MoreSynlait Farms Exemption 2014
In February 2014, the Panel granted an exemption that enabled SFL Holdings Limited (a subsidiary of Shanghai Pengxin Group Co Limited) to extend the f…
Read MoreTakeover Notices – Don’t Forget Rule 44(1)(E)
If a person wishes to make a takeover offer under the Code, rule 41 requires that a takeover notice is sent to the prospective target company that con…
Read MoreTransactions Records on the Panel’s Website
The Panel has been developing a transactions page on its website. The Panel’s intention is to record details about all Code transactions from this poi…
Read MoreSubstantial Holder Notices – Increases in Voting Rights under Exemptions from the Code
The Panel executive monitors substantial holder notices on the NZX website for increases in the holding or control of voting rights by shareholders in…
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