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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Takeover Rules Module (TKO) [VER7/02-16]
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  Versions
(1 version)
 
Sep 26 2005 onwards

TKO A2.1.1



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

The Governing BodyG of the TargetG must disclose the following information:

(a) the substance of the advice given to it by its external advisers;
(b) where relevant, its views on the statements in the Bid DocumentG regarding the Bidder'sG intentions in respect of the TargetG and its DirectorsG made pursuant to TKO A1.1;
(c) details of the holdings of SecuritiesG of the TargetG in the BidderG ;
(d) details of the holdings of SharesG in the TargetG and SecuritiesG in the BidderG in which DirectorsG of the TargetG are directly or indirectly interested;
(e) details of the holdings of SharesG in the TargetG and (in the case of a Securities Exchange BidG only) of SecuritiesG in the BidderG which any PersonG acting in concert with the TargetG owns or controls and the holdings of SharesG in the TargetG and, (in the case of a Securities Exchange BidG only) of SecuritiesG in the BidderG , owned or controlled by a subsidiary of the TargetG , or by any PersonG acting in concert with it;
(f) details of the holdings of SharesG in the TargetG and (in the case of a Securities Exchange BidG only) of SecuritiesG in the BidderG owned or controlled by a PersonG who has any agreements, arrangements or understandings of the kind referred to in TKO A1.4.1 (j) and (k) with the TargetG or with any PersonG acting in concert with the TargetG ;
(g) details of any agreements, arrangements or understandings of the kind referred to in TKO A1.4.1 (j) and (k) or, if there are none, a statement to that effect;
(h) material particulars of all service contracts of any DirectorG or proposed DirectorG of the TargetG with the entity or any of its subsidiaries, or, if there are none, a statement to that effect; and
(i) whether the DirectorsG of the TargetG intend, in respect of their own beneficial holdings of SharesG , to accept or reject the BidG .

Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]