Appendix TMA-D Offeree Board Circular

Past version: Effective from 01 Jan 2009 to 31 Mar 2013
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The offeree board circular must include the following regarding the view of the board:

(a) The names of the directors of the offeree company;
(b) The recommendation of the directors as to whether they accept or reject the offer, or a statement that the directors are unable to make a recommendation, in addition to their reasons for giving the recommendation or for making no recommendation;
(c) A copy of the written advice of the offeree company's financial advisors.