CodeWord Issue 07 - September 2002

In this issue

Explanation of the anti-avoidance provisions of the Takeovers Code

The Takeovers Code is concerned with regulating the change of control of “Code companies”, that is, listed companies and certain larger non-listed com…

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Part 1: Control and Associates under Rule 6(1)

The Fundamental RuleExcept as permitted by rule 7, fundamental rule 6(1) generally prohibits a person becoming the holder or controller of an increase…

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Part 2: The Deeming Provisions in Rule 6(2)

Another important anti-avoidance measure is found in the three deeming provisions in rule 6(2). These provisions address constraints that may otherwis…

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