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  • 24.5 Directors’ emoluments
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  • 24.1 The offer document
  • 24.2 Intentions of the offeror with regard to the business, employees and pension scheme(s)
  • 24.3 Financial and other information on the offeror, the offeree company and the offer
  • 24.4 Interests and dealings
  • 24.5 Directors’ emoluments
  • 24.6 Special arrangements
  • 24.7 Incorporation of obligations and rights
  • 24.8 Cash confirmation
  • 24.9 Ultimate owner of securities acquired
  • 24.10 Admission to listing and admission to trading conditions
  • 24.11 Estimated value of unquoted paper consideration
  • 24.12 No set-off of consideration
  • 24.13 Arrangements in relation to dealings
  • 24.14 Dividends
  • 24.15 Incorporation of information by reference
  • 24.16 Fees and expenses
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Fourteenth edition
11 December 2023

Updated
11 December 2023

Timeline and revision history

You are viewing the Code as at 11/12/2023
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  1. 11/12/2023

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Directors’ emoluments

The offer document must state (in the case of a securities exchange offer only) whether and in what manner the emoluments of the offeror directors will be affected by the acquisition of the offeree company or by any other associated transaction. If there will be no effect, this must be stated.

NOTE ON RULE 24.5

Commissions etc.

Information given under this Rule should include any alterations to fixed amounts receivable or, as far as practicable, the effect of any factor governing commissions or other variable amounts receivable. Grouping or aggregating the effect of the transaction on the emoluments of several or all of the directors will normally be acceptable.

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