UK Panel definition
Examples of UK Panel in a sentence
The Offer Document and the Form of Acceptance accompanying the Offer Document will be published (save with the consent of the UK Panel) within 28 days of this announcement.
The effect of the Insolvency and Default Condition is that, if a Default occurs under the Credit Agreement, or if any of the other matters specified in the Insolvency and Default Condition occurs, Bidco may be entitled, with the consent of the UK Panel, to withdraw the Offer except where the Default has been waived in the Amendment and Waiver Agreement (as to which see section 6 above) or in the other circumstances specified in the Insolvency and Default Condition.
The Offer will be made in the United States pursuant to applicable US tender offer rules and securities laws and otherwise in accordance with the requirements of English law, the Code, the UK Panel, the London Stock Exchange and the Financial Conduct Authority.
The Offer will lapse 60 days after the publication of the Offer Document (or such later date as the UK Panel may agree) if it has not become or been declared wholly unconditional as to acceptances, or, if having become or been declared wholly unconditional as to acceptances, it has not become or been declared wholly unconditional in all respects.
The Offer will have a timetable which, under the Code, will require it to lapse if it has not become or been declared unconditional in all respects on the day which falls 60 days after the date on which the Offer Document is published (or such later date as the UK Panel may permit) and on the same date as the Offer becomes or is declared unconditional as to acceptances.
The first closing date of the Offer (i.e. the earliest date on which the Offer may lapse if it has not yet become or been declared unconditional in all respects) will not be earlier than 4 January 2016or, if the Offer Document is published later than 2 December 2015 (which would require the approval of the UK Panel), 20 Business Days after the publication of the Offer Document.
The Joint Bidders view the Management Arrangements as an integral part of the Offer and therefore intend to seek the permission of the UK Panel to lapse the Offer if the Independent Shareholders do not approve the Management Arrangements at the General Meeting.
The UK Panel on Takeovers and Mergers has confirmed to Parent that Parent is not subject to the UK City Code on Takeovers and Mergers (the “Takeover Code”) and there have been no subsequent changes in Parent’s circumstances that would result in Parent having its central management and control in the United Kingdom for the purposes of the Takeover Code.
In the event that the UK Panel on Takeovers and Mergers makes a determination, the effect of which is that all or any portion of Section 5.3(b) has no effect or is otherwise disregarded, the parties agree that Section 5.2(b) shall be amended (without further action by the parties) to the same extent as Section 5.3(b).
The consummation of the Recapitalization is subject to a number of closing conditions, including approval by Amryt’s shareholders, approval of the independent Amryt shareholders in connection with the whitewash waiver granted by the UK Panel on Takeovers and Mergers, re-admission of Amryt’s ordinary shares for trading on AIM, confirmation of the Aegerion plan of reorganization by the Bankruptcy Court, and other customary closing conditions.