''...Specific revisions and new policy proposals include: discussion on rights issues and underwriting arrangements which have the potential to affect control of an entity updated guidance on when a selective benefit may be prohibited in a takeover bid because it may be likely to induce a person to accept the bid or dispose of target securities new guidance and class order relief in relation to the use and operation of acceptance facilities in takeover bids, and updated guidance on when a person may have a ‘relevant interest’ in securities and the associated requirements to disclose substantial holdings and comply with the takeover provisions.
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
