Revised Takeover Code

RNS Announcement

RNS Number : 6424O

Takeover Panel

13 June 2022

2022/12

REVISED TAKEOVER CODE, PRACTICE STATEMENT NO 33
AND PANEL BULLETIN 4

A revised version of the Takeover Code has today been published on the Takeover Panel's website, reflecting the amendments made by Instrument 2022/1 (Limitation on length of service of Panel members), Instrument 2022/2 (Miscellaneous Code amendments), Instrument 2022/3 (Document charges) and Instrument 2022/4 (Removal of restriction on anonymous order book dealings). Consequential amendments have been made to Practice Statements Nos 19, 20, 24, 28 and 29.

In addition, the Panel Executive has published a new Practice Statement No 33 (Purchases of shares in the offeree company by an offeror during an offer period), which can be found on the Practice Statements page of the Panel's website.

The Executive has also published Panel Bulletin 4 (Calculation of the value of an offer), which can be found on the Panel Bulletins page of the Panel's website.

13 June 2022

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POTKXLBFLQLFBBD

RNS metadata

Title: Revised Takeover Code
Time: 10:20:57
Date: 13 Jun 2022
Category: Acquisitions and alliances
ID: 6424O