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You are viewing the version of the document as on 2021-01-28.

takeover or related operation

  1. (a) any transaction falling within paragraph 303(b) (Companies, Transactions and Persons subject to the Code)30 of the introduction to the Takeover Code and, for this purpose, an offer for non-voting, non-equity share capital is to be regarded as falling within the Takeover Code even if not required by rule 15 of that Code;
  2. 30(b)30 any transaction which would have fallen within (a) were it not for the fact that the company which is the subject of the transaction does not satisfy the tests set out in paragraph 303(a) (Companies, Transactions and Persons subject to the Code)30 of the introduction to the Takeover Code;
  3. (30c30) any offer, transaction or arrangement relating to the purchase of securities with a view to establishing or increasing a strategic holding of a person, or of a person together with his associates, in the securities concerned;
  4. 30(d)30 any transaction or arrangement entered into in contemplation or furtherance of any offer, transaction or arrangement falling within (a) to 30(c)30; and
  5. 30(e)30 any transaction or arrangement entered into by way of defence or protection against any offer, transaction or arrangement falling within (a) to 30(d)30 which has taken place or which is contemplated.32