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ARTICLE · 01 JUNE 2016

Takeover Code: Response Statement On Amendments To The Definition Of Voting Rights

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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...

United KingdomCorporate/Commercial Law
A&O Shearman
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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, 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 response statement can be accessed at:

http://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/RS201502.pdf

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