Herbert Smith Freehills Kramer Podcasts

Public M&A EP35: Panel Practice Statement on unlisted share alternatives

Herbert Smith Freehills Kramer Podcasts Episode 35

In this episode, we talk about Practice Statement 36 which has recently been published by the UK Takeover Panel on unlisted share alternatives.

Topics we discuss include:

  • what terms for an unlisted share alternative are acceptable, and what is not acceptable;
  • what rights can be attached to the shares; and
  • the disclosure required.