Q&As 12
Q&As
Does the Takeover Code apply to an unlisted public company on the cancellation of the shares of a retiring member?
This Q&A looks at the position under the City Code on Takeovers and Mergers (Code) where Shares in an unlisted public company are being redeemed or are subject to a buy back under sections 658–737 of the Companies Act 2006 (CA 2006).
To what companies does the Code apply?
The Code applies to takeover bids, merger transactions and other transactions that have or may have, directly or indirectly, an effect on the Ownership or control of UK public companies, not just listed or quoted companies. For further details see our Practice Note: The Panel and the regulatory framework of takeovers—Companies subject to the Code and Flowchart: When does the Takeover Code apply?—flowchart
Redemption and share buyback
Where
To view the latest version of this document and thousands of others like it,
sign-in with LexisNexis or register for a free trial.
Related documents:
- What is the procedure for enforcement under section 28 of the Town Police Clauses Act 1847?
- In circumstances where an adult lacks capacity to enter into a deferred payment agreement (DPA), doe...
- What is the legal position for public bodies with a joint duty to provide aftercare to individuals d...
- Is there any reason why a corporate landlord cannot be used by a local authority to discharge its ho...
- If a public highway is surrounded by common land, is there a power/duty on the Local Authority to fe...
- Under the Public Contracts Regulations 2015, what are the implications for a mini-competition under...
- If a local authority issues an emergency prohibition order (EPO) under the Housing Act 2004 and on a...
- In appeals to the County Court on a point of law under section 204 of the Housing Act 1996, it is co...
- Where the local housing authority determine to grant a selective license, what is the date on which...
- In the Licensing Act 2003 (Hearings) Regulations 2005, reg 6(4) provides ‘(4) In any other case, the...
- If an application for a right to buy is received by a local authority, found to be incorrect, and re...
- Is there a right of appeal to a section 143 notice under the Highways Act 1980?