About: Anna Monteiro

On 14 August 2024, UK TO Panel increased PTM levy rate to 150p per contract. UK Takeover (TO) Panel increase PTM levy rate to 150p per contract where the total consideration of the relevant trade is greater than £10,000 (or the equivalent in any other currency). On same day, CBOE EU published letter from UK…

On 12 August 2024, ARG CNV published Resolution 1012 to establish guidelines on fair pricing in takeover bids in the official gazette. General Resolution 1012 comes into force on 13 August 2024. Highlights: Regulations adjust provisions re determination of fair price in OPA, to safeguard interests of the shareholders against the passage of time and…

On 14 August 2024, the SFC updated the takeover table to commence the offer period for Anacle Systems Limited (stock code: 8353). It also updated the takeover table to close out the offer period for Mobile Internet (China) Holdings Limited  (Stock Code:1439). Effective: Both takeover announcements are 14 August 2024.

On 9 August 2024, AST GVT registered ASIC corporations (amendment) instrument 2024/664 and explanatory statement, commences 10 August 2024. Amends instrument 2023/688 to clarify takeover bidder must make offers for securities under the bid via relevant financial market, on next day after the date referred to in item 13. No further consultation was required in…