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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 January 2007 - onwards
  Version 2 of 2    

30. Amendment of Schedule to Act of 1997.

The following Schedule is substituted for the Schedule to the Act of 1997:

"Schedule Principles applicable to the Conduct of Takeovers, etc.

1. All holders of the securities of an offeree of the same class must be afforded equivalent treatment; moreover, if a person acquires control of a company, the other holders of securities must be protected.

2. The holders of the securities of an offeree must have sufficient time and information to enable them to reach a properly informed decision on the offer; where it advises the holders of securities, the board of the offeree must give its views on the effects of implementation of the offer on employment, conditions of employment and the locations of the offeree's places of business.

3. The board of an offeree must act in the interests of the company as a whole and must not deny the holders of securities the opportunity to decide on the merits of the offer.

4. False markets must not be created in the securities of the offeree, of the offeror or

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