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Jul 5 2012 onwards

53. Takeover Principles



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(1) The DFSA shall make Takeover Rules prescribing a set of Takeover principles relating to, but not limited to:
(a) treatment of shareholders and of classes of shareholders in a Takeover;
(b) adequacy of time and of information provided to shareholders to enable proper consideration of a Takeover bid;
(c) avoidance of the creation of false markets; and
(d) avoidance of oppression of minorities.
(2) A person who is involved in a Takeover of a Reporting Entity shall comply with and observe the spirit and the wording of the Takeover principles.