Connected adviser

Connected adviser normally includes only the following:

1. in relation to the offeror or the offeree company:

   1. an organisation which is advising that party in relation to the offer; and

   2. a corporate broker to that party; and

2. in relation to a person who is acting in concert with the offeror or the offeree company, an organisation which is advising that person either:

   1. in relation to the offer; or

   2. in relation to the matter which is the reason for that person being a member of the relevant concert party.

Such references do not normally include a corporate broker which is unable to act in connection with the offer because of a conflict of interest.