FURTHER TECHNICAL ISSUES
WITH THE TAKEOVERS CODE
A CONSULTATION PAPER ISSUED BY
THE TAKEOVERS PANEL
July 2011
- INTRODUCTION
- Request for comments on this paper
- Official Information Act 1982
- Policy Objectives
- SECTION ONE - SUBSTANTIVE ISSUES
- Status of defeating conditions during the offer period
- Problem identification
- Options
- Statements by the offeror of its intentions for the Code company
- Problem identification
- Options
- Follow-on offers
- Problem identification
- Options
- SECTION TWO - DRAFTING ANOMALIES AND INCONSISTENCIES
- "Sending" and "delivering" consideration
- Problem Identification
- Options
- Rule 3(1) - Definitions of "offeror" and "offeree"
- Problem identification
- Options
- Schedule 1, clause 14(2)(b) - redundant words
- Problem identification
- Options
- Schedule 2, clause 18 - availability of annual reports
- Problem Identification
- Options
- Disclosure of trading behind nominees
- Problem Identification
- Options
- Variation of offer if more complete information in respect of securities is available
- Problem Identification
- Options
- Definition of "director" and the Limited Partnerships Act 2008
- Problem Identification
- Options
Download the consultation paper as a PDF file (96 KB)
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