Takeover Panel: Companies to which the Takeover Code applies – PCP 2024/1

On 24 April 2024, the UK Takeover Panel (Panel) published consultation paper PCP 2024/1: Companies to which the Takeover Code applies which proposes a refocusing and significant narrowing of the types of companies subject to the UK Takeover Code (Code). The consultation closes on 31 July 2024 and the Panel has indicated that it intends to publish a response statement and final rule changes in Autumn 2024 with the changes being implemented approximately one month thereafter.

Please see this briefing for an outline of the proposed changes and our views on those changes.



Contacts

Jo Chattle
Jo Chattle
Knowledge Of Counsel
Email
jo.chattle@nortonrosefulbright.com
T: +44 20 7444 3356
Raj Karia
Raj Karia
Head of Corporate, M&A and Securities, Europe, Middle East and Asia
Email
raj.karia@nortonrosefulbright.com
T: +44 (20) 74443374

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