Takeover Code—Interests in securities

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • Takeover Code—Interests in securities
  • Mini-index
  • Interests in securities—Setting the scene
  • Definition—Interests in securities
  • Paragraph 2—Right to exercise voting rights or general control
  • Paragraph 3—Agreements to purchase, option or derivative
  • Paragraph 4—Derivative transactions
  • Paragraph 5—Irrevocable commitments
  • Note 2—Interests of two or more persons
  • Note 3—Number of securities concerned
  • More...

Takeover Code—Interests in securities

This Resource Note deals with the definition of interests in securities in The City Code on Takeovers and Mergers (Code). It highlights relevant materials, commentary and guidance from the Panel on Takeovers and Mergers (Panel), as well as Lexis®PSL analysis and resources, to give practical guidance on the interpretation and application of the expression.

Materials covered in this Resource Note include:

  1. Practice Statements issued by the Panel Executive (the body that carries out the day-to-day work of takeover supervision and regulation) (Executive) to provide informal guidance as to how the Executive normally interprets and applies the Code

  2. Panel Statements published by the Panel (P/S) and Panel Instruments

  3. Public Consultation Papers (PCP) and Response Statements (RS) published by the Code Committee

  4. Annual Reports published by the Panel containing discussion of general issues (Annual Reports)

  5. relevant Lexis®PSL and LexisLibrary resources

Mini-index

Interests in securities—Setting the scene

Definition—Interests in securities

Paragraph 2—Right to exercise voting rights or general control

Paragraph 3—Agreements to purchase, option or derivative

Paragraph 4—Derivative transactions

Paragraph 5—Irrevocable commitments

Note 2—Interests of two or more persons

Note 3—Number of securities concerned

Note 4—Securities borrowing and lending

Note 5 New shares

Note 7—Security interests

Note 9—Acquisitions of interests in securities

Interests in securities—Related Code Rules, Notes and Appendices

Interests in securities—Setting the scene

Link to definition of interests in securitiesCode
What it coversThe Code definition and Notes apply equally to references to interests

Popular documents