CodeWord Issue 37 - October 2014

In this issue

Partial Offers - Specified Holder Certificates under Rules 14a-14e and Family Trusts

Rules 14A to 14E of the Code deal with the scaling of excess acceptances of a partial takeover offer where voting securities in the target company are…

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Synlait Farms Exemption 2014

In February 2014, the Panel granted an exemption that enabled SFL Holdings Limited (a subsidiary of Shanghai Pengxin Group Co Limited) to extend the f…

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Takeover Notices – Don’t Forget Rule 44(1)(E)

If a person wishes to make a takeover offer under the Code, rule 41 requires that a takeover notice is sent to the prospective target company that con…

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Transactions Records on the Panel’s Website

The Panel has been developing a transactions page on its website. The Panel’s intention is to record details about all Code transactions from this poi…

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Substantial Holder Notices – Increases in Voting Rights under Exemptions from the Code

The Panel executive monitors substantial holder notices on the NZX website for increases in the holding or control of voting rights by shareholders in…

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