CodeWord Issue 41 - December 2015

In this issue

The Takeovers Code and multiple offerors

The Panel has been considering the policy of the Code as it relates to multiple offerors in takeover offers for some time. There have been a number of…

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Rule 25(1) and shareholder approval conditions in offers

Following the recent takeover offer by Briscoe Group Limited for Kathmandu Holdings Limited, the Panel has updated its Guidance Note on Offer Document…

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Exemption where no information has been provided to any regulatory bodies

An amendment has been made to the Takeovers Code (Class Exemptions) Notice (No 2) 2001. New clause 25C grants an exemption from compliance with clause…

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Update on Panel Members

The Panel is pleased to announce the appointment of Sacha Judd to the Panel from October 2015.

Ms Judd is the Managing Director of the Hoku Group, an…

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Christmas closedown

The Takeovers Panel will be closed from 24 December 2015, and will reopen on 11 January 2016. Any enquiries during this period should be directed to t…

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