
Public M&A EP35: Panel Practice Statement on unlisted share alternatives
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In this episode, we talk about Practice Statement 36 https://code.thetakeoverpanel.org.uk/tp/ps/ps-36.html which has recently been published by the UK Takeover Panel on unlisted share alternatives.
Topics we discuss include:
- what terms for an unlisted share alternative are acceptable, and what is not acceptable;
- what rights can be attached to the shares; and
- the disclosure required.
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