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On 23 October 2015, the Code Committee of the Takeover Panel published a response statement in relation to the feedback received on its consultation paper proposing to amend the definition of voting rights in the Code...
On 23 October 2015, the Code Committee of the Takeover Panel
published a response statement in relation to the feedback received
on its consultation paper proposing to amend the definition of
voting rights in the Code, make minor amendments to the Note on
Rule 9.7 (voting restrictions and disposal of interests) and make
consequential amendments to Rule 11.1 (when a cash offer is
required). The Code Committee have adopted the amendments to the
Code as proposed in the consultation paper with some minor
amendments.
The amendments to the Code came into effect on 23
November 2015.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
