On 21 December 2021, the Irish Takeover Panel (the
"Panel") published a series of proposed amendments to
the Irish Takeover Rules (the "Rules")
and the Substantial Acquisition Rules (the
"SARs").1
Overview
The Rules and SARs regulate the conduct of takeovers and
acquisitions of securities of Irish-incorporated public limited
companies that are listed on certain exchanges (including the New
York Stock Exchange, NASDAQ, the London Stock Exchange and Euronext
Dublin). The Rules and the SARs were last amended in 2013 and 2007,
respectively, and the Panel now proposes various amendments to
update the Rules and SARs to reflect developments in takeover
practice and changes in legislation.