On 19 July 2017, the Takeover Panel issued a statement announcing publication of its Annual Report and Accounts for the year ended 31 March 2017.

The report indicated that schemes of arrangement retained their popularity over the period under review; there were 30 schemes as compared

to 22 contractual offers, and the vast majority of offers were friendly. One letter of censure and 17 "educational/warning" letters were issued. Two cases came before the Hearings Committee:

  • the Rangers International Football Club case, which resulted in the Panel ordering that a mandatory offer be made – that offer having not been made, the Panel is currently seeking enforcement of its order before the Court of Session in Edinburgh;
  • the "cold-shouldering" of Messrs Morton and Garner.

The charts below demonstrate the key offer statistics:

The full report can be accessed here:

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