On 31 December 2018, CMVM analyzes takeover bids regime for OECD study. OECD published a report Flexibility and proportionality in corporate governance which includes a contribution by CMVM on the Portuguese takeover bids regime. Focuses on operations carried out after the transposition of Directive 2004/25/EC. Seeks to show adaptability of current regime to different realities of […]
On 28 December 2018, SEBI issued third amendment to the regulations, changing wording and adding in explanation, effective from publication in official gazette.
On 2 January 2018, Consob continued to suspend Banca Carige trade on markets.
On 11 December 2018, TFSC said proposal completed notice period, implemented soon. It has been noticed that some issuers may be unable to announce the monthly operational status according to the time limit set in Article 36 of Securities Law. Thus, will amend the financial report and operation of the public issue company. Revisions In […]
On 12 December 2018, the offer period for Dining Concepts Holdings Limited (StockCode: 8056) and Target Insurance (Holdings) Limited (Stock Code: 6161) were closed.
On 7 December 2018, NLD EA issued bill on cooling-off in hostile takeovers. Bill to allow board of a Dutch listed company to invoke 250 day cooling off period. Background Follows political debate over several hostile takeover attempts, e.g. Akzo-Nobel. Government response was published in letter dated May. 20, 2017, with 4 options. Shareholders may pressure […]