| Commentary

199 Accuracy of information

| Commentary

199 Accuracy of information

In accordance with General Principle 2 of the City Code on Takeovers and Mergers (City Code), the offer document must give shareholders in the target company sufficient time and information to enable them to reach a properly-informed decision on the bid. Standards of care for information are set out in Rule 19.1 of the City Code and the notes to it which are summarised in this Paragraph. As with any document, announcement or other information published, or statement made, during the course of the offer, whether by a party to the offer or by an adviser

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