• Control Position Warning

    • TMA-3.2.7

      In the case of a partial offer which could result in the offeror holding more than 50% of the voting rights of the offeree company, then this must be included in a prominent manner in the offer document.

      Amended: October 2019

    • TMA-3.2.8

      Where a partial offer made for a company with more than one class of equity share capital could result in the offeror and persons acting in concert with it being interested in shares carrying 30% or more of the voting rights, a comparable offer must be made for each class.

      Amended: October 2019