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  • Rule 15. Convertible securities, options and subscription rights
  • 15.2 Independent advice and opinion of the offeree board
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  • 15.1 Appropriate offer or proposal
  • 15.2 Independent advice and opinion of the offeree board
  • 15.3 Publication of offer or proposal
  • 15.4 Conditionality of the offer or proposal
  • Notes on Rule 15
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Practice Statement 24. Rule 15 – Convertible securities, options and subscription rights

Practice Statements

Introduction Rule 15 of the Takeover Code requires that, when an offer is made for voting equity share capital or for other transferable securities carrying voting rights (a “voting equity offer”) and…

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