Author: Joanna Healey

Takeover Panel addresses dual class share structures

The Takeover Panel is proposing the introduction of a framework for offers for companies with dual class share structures. This follows from the amendments to the UK Listing Rules a year ago, which permitted DCSS companies seeking a UK listing to list in the segment for equity shares of commercial companies. The Takeover Panel is also proposing to codify existing practices relating to IPOs as well as treating tender offer share buybacks as Takeover Code offers.