(1) Subject to paragraph (12), the board of directors of an Irish merging company shall, in accordance with this Regulation, draw up a report for members and employees of the company, which report shall -

(a) explain and justify the legal and economic aspects of the cross-border merger,

(b) explain the implications of the cross-border merger for employees, and

(c) explain the implications of the cross-border merger for the future business of the company.

(2) A report drawn up under this Regulation shall be made available electronically, together with the common draft terms if available, to -

(a) the members, and

(b) the employees' representatives,

of the Irish merging company not less than 6 weeks before the date of the general meeting referred to in Regulation 35.