Takeover Code—Rule 11—Nature of consideration to be offered
Takeover Code—Rule 11—Nature of consideration to be offered

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

  • Takeover Code—Rule 11—Nature of consideration to be offered
  • Mini-index
  • Rule 11—Setting the scene
  • Rule 11.1—When a cash offer is required
  • Lexis®PSL Corporate Resources
  • Note 4 on Rule 11.1—Equality of treatment
  • Note 9 on Rule 11.1—Dividends
  • Rule 11.2—When a securities offer is required
  • Lexis®PSL Corporate Resources
  • Note 1 on Rule 11.2—Basis on which securities are to be offered
  • More...

Takeover Code—Rule 11—Nature of consideration to be offered

This Resource Note outlines the main provisions of Rule 11 of The City Code on Takeovers and Mergers (Code) and 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 Rule 11.

Materials covered in this Resource Note include:

  1. detailed notes accompanying the Code (Notes), which expand on the intended manner of the implementation of the Rules and relevant Appendices dealing with specific issues

  2. 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

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

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

  5. relevant LexisPSL and LexisLibrary resources

Mini-index

Rule 11—Setting the scene

Rule 11.1—When a cash offer is required

Note 4 on Rule 11.1—Equality of treatment

Note 9 on Rule 11.1—Dividends

Rule 11.2—When a securities offer is required

Note 1 on Rule 11.2—Basis on which securities are to be offered

Rule 11.3—Dispensations from highest price

Rule 11—Related Code Rules, Notes and Appendices

Rule 11—Setting the scene

Link to Rule and Notes on Rule Code
What it coversRule 11

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