SCHEDULES
C1F1SCHEDULE 1CRules of the Takeover Panel: general principles and other provision
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Sch. 1C applied (31.12.2020) by S.I. 2009/2436, Sch. 1 para 14(A1) (as inserted by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 20; 2020 c. 1, Sch. 5 para. 1(1))
PART 1General principles
2
1
The holders of the securities of an offeree company must have sufficient time and information to enable them to reach a properly informed decision on the takeover bid.
2
Where it advises the holders of securities, the board of directors of the offeree company must give its views on the effects of implementation of the takeover bid on—
a
employment,
b
conditions of employment, and
c
the locations of the company’s places of business.
Sch. 1C inserted (31.12.2020) by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), reg. 1, Sch.; 2020 c. 1, Sch. 5 para. 1(1)