TMA-2.8.1
Past version: Effective from 01 Apr 2013 to 30 Sep 2019
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The board of directors of the offeree company must ensure that proper arrangements are in place to enable it to monitor to ensure that:
(a) The board is provided promptly with copies of all documents and announcements issued by or on behalf of their company which bear on the offer; the board receives promptly details of all dealings in relevant securities made by their company or its associates and details of any agreements, understandings, guarantees, expenditure (including fees) or other obligations entered into or incurred by or on behalf of their company in the context of the offer which do not relate to routine administrative matters;
(b) Those directors or committee members appointed in terms of TMA-2.2.7 undertaking daily responsibilities for the offer are in a position to justify to the board all their actions and proposed courses of action;
(c) The opinions of advisers are available to the board; and
(d) The possible temporary insiders are identified and that the offeree company complies with its Policy of Insiders.
Amended: April 2013