Small Code Companies and compliance with Takeover Code

Practitioners need to be aware of the application of the Code to smaller non-listed companies that are required to conform. A Code Company is one that is, or was, recently listed on a registered exchange, or has 50 or more shareholders, whether or not the company is listed.

Corporate leaders and Practitioners need to be aware of the 50 shareholder threshold and be cautious to ensure that the entity complies with the Code in any corporate activity. The Takeovers Panel published Code Word Number 30 for guidance and to familiarise readers with the Code ... READ MORE