Takeover Code—Rule 20—Equality of information
Takeover Code—Rule 20—Equality of information

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

  • Takeover Code—Rule 20—Equality of information
  • Mini-index
  • Rule 20—Setting the scene
  • Rule 20.1—Equality of information to shareholders and persons with information rights
  • Note 4 on Rule 20.1—Investment analyst publications
  • Note 6 on Rule 20.1—Provision of information prior to the commencement of an offer period or prior to the announcement of a firm or revised offer
  • Note 7—Employee communications
  • Rule 20.2—Meetings and telephone calls with shareholders and others
  • Rule 20.3—Videos
  • Rule 20.4—Social media
  • More...

Takeover Code—Rule 20—Equality of information

This Resource Note outlines the main provisions of Rule 20 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 20.

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

  6. relevant LexisPSL and LexisLibrary resources

Mini-index

Rule 20—Setting the scene

Rule 20.1—Equality of information to shareholders and persons with information rights

Note 4 on Rule 20.1—Investment analyst publications

Note 6 on Rule 20.1—Provision of information prior to the commencement of an offer period or prior to the announcement of a firm or revised offer

Note 7—Employee communications

Rule 20.2—Meetings and telephone calls with shareholders and others

Rule 20.3—Videos

Rule 20.4—Social media

Rule 20.5—Advertisements

Rule 20.6—Telephone

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