CodeWord Issue 47 - October 2018

In this issue

Technical amendments to the Takeovers Code

From time to time, the Panel makes recommendations for amendments to the Takeovers Code. Following consultation with the market in late 2016, the Pane...

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Full terms of securities to be included with Class Notices

Rule 42A requires target companies to provide to an offeror a class notice within two days of receiving a takeover notice. Rules 42A(3) and (4) provid...

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The Panel’s interpretation of “share parcels”

The Panel recently considered how the term “share parcels” (used in the definition of Code company) should be interpreted. Given this is a threshold i...

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Disclosure of information to the Panel

The Panel depends on market participants providing the Panel with full and fair disclosure of all material information. This is necessary to allow the...

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New website

Visitors to our site would have noticed our new website redesign which was launched in October 2018. When designing the new website, our focus has bee...

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