Currently, the City Code on Takeovers and Mergers (the “Code”), which is issued by the Panel on Takeovers and Mergers of the UK (the “Panel”), applies to offers made for public companies incorporated in Jersey if either their shares are listed on a regulated market in the UK or on any stock exchange in the Channel Islands or the Isle of Man or if they are considered by the Panel to have their place of central management and control in the UK, the Channel Islands or the Isle of Man (and applicati