Preferential allotment obligations: timelines for counting the fifteen day period clarified for open offers under takeover rules. Amendments clarify that certain issues under specified clauses of regulation 9(1) of the Takeover Regulations are excluded from the Issue of Capital and Disclosure Requirements Regulations, set precise starting points for counting the fifteen day compliance period relating to preferential allotments that attract open offer obligations-either from the expiry of the offer period where an offer exists, or from expiry of the period in regulation 20(1) or receipt of statutory approvals where no offer exists-and add an ex rights price disclosure requirement in Schedule VIII.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Preferential allotment obligations: timelines for counting the fifteen day period clarified for open offers under takeover rules.
Amendments clarify that certain issues under specified clauses of regulation 9(1) of the Takeover Regulations are excluded from the Issue of Capital and Disclosure Requirements Regulations, set precise starting points for counting the fifteen day compliance period relating to preferential allotments that attract open offer obligations-either from the expiry of the offer period where an offer exists, or from expiry of the period in regulation 20(1) or receipt of statutory approvals where no offer exists-and add an ex rights price disclosure requirement in Schedule VIII.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
