Legal News

Takeover Appeal Board decision on Rangers International Football Club PLC and Mr King

Takeover Appeal Board decision on Rangers International Football Club PLC and Mr King
Published on: 15 March 2017
Published by: LexisPSL
  • Takeover Appeal Board decision on Rangers International Football Club PLC and Mr King
  • Original news
  • What is the background to this matter?
  • What were the grounds for the appeal to the TAB?
  • What Code provisions were in issue?
  • Acting in concert
  • Rule 9
  • Other definitions
  • What was the decision of the Takeover Appeal Board?
  • Status of NOAL
  • More...

Article summary

Corporate analysis: This news analysis considers the recent decision of the Takeover Appeal Board (TAB) to dismiss the appeal by Mr David Cunningham King in relation to the finding by the Hearings Committee that Mr King and others acting in concert with him had acquired interests in shares carrying more than 30% of the voting rights of Rangers International Football Club PLC (Rangers) and were therefore required to make a mandatory offer for Rangers in accordance with Rule 9 of the Takeover Code. or take a trial to read the full analysis.

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