Clifford Chance
Change to companies subject to the UK Takeover Code
20 May 2013
As of 30 September 2013, all UK, Channel Island and Isle of Man incorporated public companies which have securities admitted to trading on a multilateral trading facility in the UK will be subject to the Code, irrespective of their place of central management and control. So, where a UK public company has shares admitted to AIM, but its place of central management and control is overseas, the company will become a Code company in the autumn.
Clifford Chance has prepared a briefing describing this change to the Code, providing a flow diagram to identify which companies will be caught by the Code from September and setting out next steps for companies affected by the change.
