CodeWord Issue 43 - December 2016

In this issue

Small Code companies class exemption notice

On 1 December 2016 a new exemption for ‘small’ unlisted Code companies came into force: Takeovers Code (Small Code Companies) Exemption Notice 2016. T…

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Timing rules calculator

A digital Timing Rules Calculator is now available to assist parties to comply with the Code’s prescribed time limits. The calculator can be found on …

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Update: Technical amendments to the Code

In November 2016, the Panel published the consultation paper “Proposed Amendments to the Takeovers Code”. Public consultation closed on 2 December 201…

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The meaning of “effective control”

In May 2016, the Panel had the opportunity to consider the meaning of “effective control” in relation to an exemption application in the context of th…

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Appointments and departures

The Panel welcomes the appointment of Nathanael Starrenburg to the Panel from 25 October 2016. Nathanael is a director of Harmos Horton Lusk, and spec…

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Christmas closedown

The Takeovers Panel offices will be closed from 24 December 2016, and will reopen on 9 January 2017. While the offices are closed, the Panel’s senior …

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