Takeovers Panel publishes Annual Report 2019
The Takeovers Panel today announced the publication of its annual report for 2019.
The Panel
monitored 23 transactions and Code company schemes of
arrangement during the year. Takeovers Panel Chair, Andy
Coupe said, “Monitoring takeovers transactions and
enforcing the Takeovers Code is always the Panel’s highest
priority. Continued high levels of compliance were
maintained in the market this year. In addition, the Panel
managed its resources flexibly to carry out its policy
development and public education activities”.
About the Takeovers Panel
The Panel is an
independent Crown entity established under the Takeovers Act
1993. The Panel's mandate is to strengthen investor
confidence in New Zealand's capital markets by enforcing the
Takeovers Code. The Code ensures that all shareholders have
a fair opportunity to participate in control-change
transactions (such as mergers, acquisitions, takeovers and
allotments) in Code companies. For further information on
the Panel, please visit www.takeovers.govt.nz
ends