CodeWord Issue 32 - November 2012
In this issue
Takeovers Amendment Act 2012 - New Definition of Code Company
The Takeovers Amendment Act 2012 came into force on 31 August 2012. This Act makes several amendments to the principal legislation, the Takeovers Act …
Read MoreUpdate on Panel Members
From 1 October 2012, David Jones has been reappointed as Chairman of the Takeovers Panel for a further term of three years, and current Member, Andy C…
Read MoreThe Panel has granted a class exemption for trustees of family trusts
Many shareholders in Code companies hold shares in the capacity as a trustee of a private family trust. The Takeovers Panel has granted a class exempt…
Read MoreGuidance Note on defensive tactics
The Panel has now issued a new Guidance Note on the rules in the Code that relate to defensive tactics by target companies. The guidance note can be f…
Read MoreNew website
You may have noticed that the Takeovers Panel has updated its website. Have a look at the new website and let us know what you think.
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