Exemption where no information has been provided to any regulatory bodies

Published 1 December 2015

An amendment has been made to the Takeovers Code (Class Exemptions) Notice (No 2) 2001. New clause 25C grants an exemption from compliance with clause 14(3) of Schedule 1 of the Code in some circumstances.

Clause 14(3) of Schedule 1 of the Code requires an offeror to state that information provided in a takeover notice or offer document is consistent with information provided to other regulators. Clause 25C of the Class Exemptions Notice exempts offerors from having to make this statement if the offeror has not been required to give, and has not given, any information to any regulatory body, other than the Panel.