Sunday Telegraph reports that the Takeover Panel will consult early next year on extending the Code’s remit to all AIM companies
The Sunday Telegraph reports today that the Takeover Panel is to consider amending the Takeover Code so that it applies to all companies admitted to trading on the AIM market. At the moment, AIM companies are only subject to the Code – and so their shareholders are only receive the protections that the Code offers – if their place of central management and control (see section 3(a)(ii) of the Introduction to the Code) is in the United Kingdom.
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