- Title:
Publication of Response Statement - Time:
11:00:00 - Date:
2 Dec 2025 - Category:
Acquisitions and alliances - ID:
8949J
2025/18
DUAL CLASS SHARE STRUCTURES, IPOS AND SHARE BUYBACKS:
PUBLICATION OF RESPONSE STATEMENT AND INSTRUMENT
On 3 July 2025, the Code Committee published PCP 2025/1 (Dual class share structures, IPOs and share buybacks). The consultation period ended on 26 September 2025.
The Code Committee has today published on the Panel's website Response Statement RS 2025/1, the individual responses received from the respondents to PCP 2025/1 and Instrument 2025/1, which makes the amendments to the Takeover Code set out in RS 2025/1.
The amendments to the Code made by Instrument 2025/1 will take effect on Wednesday, 4 February 2026. The Takeover Code website will be updated on the same date and printed copies of the amended pages will be despatched to subscribers.
2 December 2025
Publication of Response Statement11:00:002 Dec 2025Acquisitions and alliances8949J