Note of Meeting with Takeover Panel on 7 October 2009 regarding PCP 2009/2

Note of Share Plan Lawyers meeting with the Takeover Panel on 7 October 2009 summarising in particular the points of clarification which the Takeover Panel agreed to consider in the Course of the meeting with SPL. including:

  • meaning of “management”;
  • notes to Rule 16.2;
  • existing rights;
  • “the wording “entered into or proposed to be entered into”;
  • timing of disclosure;
  • inter-relationship betweene Rules 16.2 and 24.5;
  • reference to a matter being “significant”;
  • “best practice”;
  • details to be disclosured; and
  • future arrangements.
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Keywords: PDMR, Takeover, Takeover Code
Categories: Document archive, Transactions