CodeWord Issue 22 - December 2007

In this issue

New Rule 64 – Misleading or Deceptive Conduct

The new rule 64 of the Takeovers Code prohibits misleading or deceptive conduct in relation to Code-regulated transactions. Market participants need t…

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Conditional Acceptance Facilities can Provide Flexibility

Conditional acceptance facilities enable shareholders to conditionally accept an offer. However, offerors need to take care to meet all of the Code’s …

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Guidance Note: The meaning of 50 or more shareholders in the definition of Code company

When is an unlisted company a Code company?Code companies are companies that are subject to the rules of the Takeovers Code.

Listed companies with vo…

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