Public Service Commission Act, 1997
R 385
Companies Act, 1973 (Act No. 61 of 1973)The Securities Regulation Code on Takeovers and MergersThe CodeSection E. Dealings and Restrictions on the Acquisition of Securities and Rights over SecuritiesRule 7. Public Disclosure of Dealings during the Offer Period |
| 7.1) | Dealings by Parties and Concert Parties for themselves or for Clients |
| a) | Own account |
Dealings in relevant securities of the offeror or the offeree company by an offeror or the offeree company, and by any concert party, for their own account during an offer period shall be disclosed forthwith by the party concerned to the Panel, to The Stock Exchange in the case of a listed company in such manner as required by The Stock Exchange for immediate public release, and in a press release. In addition the Panel shall have the power to publicise such information in whatever manner it may deem appropriate from time to time.
| b) | For clients |
Dealings in relevant securities of the offeror or the offeree company by an offeror or the offeree company, and by any concert party, for the account of clients during an offer period shall be disclosed forthwith by the party concerned as aforesaid. The names of clients need not be disclosed.
| c) | In the case of investment accounts managed on a discretionary basis, relevant securities so managed will be treated, for the purpose of this Rule, as controlled by that manager and not by the person on whose behalf the relevant securities are managed. |
| 7.2) | Form SRP1 |
Form SRP 1 specifying the information to be disclosed in terms of Rule 7.1 is obtainable from the Panel.
