Our Legal and Corporate Finance Expert Groups contributed to our response to the Takeover Panel consultation PCP 2015/1 – The Takeover Panel Consultation Paper issued by the Code Committee of the Panel: Dividends.
We considered the proposals to be sensible and noted that these do not affect indiscriminately small and mid-size quoted companies. We identified a technical drafting issue regarding the proposed wording for new Note 4 on Rule 2.7 and proposed introducing a clarification.
