Paragraph 4 F1
False markets must not be created in the securities of—
(a)
the offeree company,
(b)
if the offeror is a company, that company, or
(c)
any other company concerned by the takeover bid,
in such a way that the rise or fall of the prices of the securities becomes artificial and the normal functioning of the markets is distorted.
Annotations
Textual amendments
- F1
Sch. 1C inserted (31.12.2020) by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), reg. 1, Sch.; 2020 c. 1, Sch. 5 para. 1(1)
Notes on Schedule 1C
Modifications
- C1
Sch. 1C applied (31.12.2020) by S.I. 2009/2436, Sch. 1 para 14(A1) (as inserted by The Takeovers (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/217), regs. 1, 20; 2020 c. 1, Sch. 5 para. 1(1))