TMA-2.8.1
The board of directors of the
(a) The board is provided promptly with copies of all documents and announcements issued by or on behalf of the offeree company which bear on the offer ; the board receives promptly details of all dealings in relevant securities made by the offeree 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 the offeree company in the context of the offer which do not relate to routine administrative matters;
(b) Those directors or committee members (appointed in accordance with Paragraph TMA-2.2.7) who undertake 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, including professional advisers, are available to the board; and
(d) The possible temporary insiders (including members of the board themselves) are identified and that the offeree company (including its employees) comply with the relevant provisions of Insiders as stipulated in the CBB Law and in the offeree’s policy on insiders .
Amended: January 2022
Amended: October 2019
Amended: April 2013
Amended: October 2019
Amended: April 2013