Examples of Takeover Panel in a sentence
If, following the re-composition of the Board as described in paragraph 7 above, the majority of the Directors are resident outside of the United Kingdom, the Takeover Panel may determine that the Takeover Code no longer applies to the Company.
Any matter which under those rules of the Takeover Code would fall to be determined by the Takeover Panel shall be determined by the Board in its absolute discretion or by such person appointed by the Board to make such determination.
However the Takeover Panel has agreed to waive the obligation on the Bondholders to make a mandatory offer to all Shareholders under Rule 9 of the Takeover Code which would be triggered as a result of the increase in the voting rights in the Company of each Shareholder above 30 per cent.
For example, after the acquisition, the investor can voluntarily reduce their shareholding in the target company below the relevant trigger point by selling such shares on the main board of the Stock Exchange; or before the acquisition, the acquirer may apply for a waiver to the SEC or the Takeover Panel through the SEC (as the case may be) subject to certain circumstances.
Any notice which under those rules of the Takeover Code is required to be given to the Takeover Panel shall be given to the Company at its registered office.