Offer document: recommended offer: Takeover Code disclosures checklist
Checklist of Takeover Code (Code) requirements to be contained in the offer document where the offer is recommended by the target board and the target board circular is combined with the offer document. The checklist is for use by advisers to the bidder and target to assist them in checking compliance with the Code. In cases of doubt, the Takeover Panel (Panel) should always be consulted.
The checklist includes the requirements for both cash offers and securities exchange offers, and will need to be amended to reflect the consideration being offered by the bidder.