CodeWord Issue 14 - April 2005
Please note that the Panel does not update past issues of CodeWord. As such, the material may become out of date over time. Please refer to the Panel's guidance notes for up-to-date regulatory guidance.
In this issue
Associates and Acquisitions
The Takeovers Code is concerned with transactions that cause a person to become the holder or controller of an increased percentage of voting rights i…
Read MoreExamples of association
Bridgecorp Capital LimitedIn late 2004 Bridgecorp Capital Limited acquired 19.99% of the voting rights in Dorchester Pacifi c Limited from Mr Brent Ki…
Read MoreLock-up agreements and Shareholder powers
The Code and Lock-up agreementsThe Panel has made it clear that lock-up agreements (entry into an agreement under which one party is agreeing to make …
Read MoreConsequences of associate status
It is important to emphasise that it is not a breach of the Code to become associates. What is important are the consequences of that status. Parties …
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