Author: Joanna Healey

Takeover Panel publishes guidance on delisting disclosure for two year run-off period

Under changes to the Takeover Code on 3 February 2025, where a UK, Channel Islands, or Isle of Man registered company subject to the Takeover Code decides that it wishes to cancel the admission of its securities to trading, the company should make an appropriate disclosure to its shareholders about the fact that, as a result of the delisting, the company will enter a two year run-off period, following which the Takeover Code will cease to apply.