Introduction To The Takeover Code (Blue Book) Course

 Location: London (Central)

Participants will learn about how the Takeover Code operates in practice, the role of the Takeover Panel, the applicability of the regulatory infrastructure and how to apply the six general principles.

They will master the issues involved in approaching target companies, making announcements, giving independent advice and complying with share dealing restrictions.

They will also gain a strong understanding of voluntary, mandatory and partial offers as well as the principles of the bid timetable and the conduct of the parties during an offer period.

Where relevant, the changes being made to the Takeover Rules in 2011 will be explained.

They will be able to advise clients on the circumstances when the Code is applicable, the relevance of the key rules of the Code, the application of the Code in practice and the documentation requirements of the Panel.

Course categories:Corporate Finance Courses, Back Office Courses, Investment Banking / M & A Courses, Legal Compliance Courses, Operations Settlements Clearing Courses, Private Equity / Venture Capital, Back Office Inhouse Courses , Corporate Banking Inhouse, Corporate Finance Inhouse, Corporate Restructuring Inhouse, Legal / Compliance Inhouse, Risk Management Inhouse

COVERED TOPICS

Introduction to the Takeover Panel

• Composition and role
• Enforcement
• Applicability of the Takeover Code

The Six General Principles and their Application

Key Code Definitions

The Approach, Announcements and Independent Advice (Rules 1-3)

• The approach (Rule 1)
• Announcements (Rule 2)
• New 2011 rules relating to offer announcements (Rule 2)
• Independent Advice (Rule 3)

Dealings and Restrictions on the Acquisition of Shares

• Prohibited dealings (including Rule 4)
• Consideration to be offered (Rules 6 and 11)
• Disclosure requirements (Rules 7,8 and 38)
• Timing restrictions (Rule 5)

Mandatory Offers (Rule 9)

• When a mandatory offer is required
• The chain principle
• Rule 9 whitewashes

Voluntary Offers

• The acceptance condition (Rule 10)
• Subjectivity and pre-conditions (Rule 13)
• Partial offers (Rule 36)

The Competition Commission and the European Commission (including Rule 12)

Provisions Applicable to all Offers (Rules 14-18)

• Multiple classes of share capital (Rule 14)
• Convertibles and warrants (Rule15)
• Special deals with favourable conditions (Rule 16)

Outline Bid Timetable (Rules 30 to 35)

Conduct During the Offer

• Information (Rule 19)
• Equality of information (Rule 20)
• Restrictions on frustrating action (Rule 21)
• New 2011 rules relating o break fees (Rule 21)

Profit Forecasts and Asset Valuations (Rules 28 and 29)

REGISTRATION & PRICING INFORMATION

Contact us if you are looking to book multiple participants as we offer discounts as follows:

• 1-2 participants - full price
• 3-4 participants - 15% discount
• 5-6 participants - 20% discount
• 7-8 participants - 25% discount
• Over 9 participants - 30% discount

For more information or to be contacted by the event provider please fill this form:

Registration price

575.00

Query Type

I want to book a seat on this eventI want more informationI have a questionI am looking for related / similar eventsI want this course as in-house courseI want to sponsor this eventI would like to speak on this eventOther

First Name

Last Name

Email

Telephone

Company

Job Title

Questions/ Additional Info

Price: 575.00 GBP
Location: London (Central)
Event date: 05.12.2012 - 05.12.2012
Event duration: 7h30
Event time: 09.30 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917