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Companies Act, 2008 (Act No. 71 of 2008)

Companies Regulations, 2011

Chapter 5 : Fundamental Transactions and Takeover Regulations

Part E : Takeover Panel Procedures

121. Reporting to Panel

 

 

(1) A person who has acquired or disposed of any beneficial interest in a class of securities of a regulated company in a sufficient quantity that, as a result of that transaction, the person's total holdings of that class of securities transmitted a percentage threshold contemplated in section 122 (1) must give the notice required by that section in Form TRP 121.1.

 

(2) For the purposes of Part B and Part C of Chapter 5 of the Act and this Chapter reporting compliance by a company in terms of—
(a) Section 122 (3)(a) requires completion and delivery to the Panel of Form TRF 121.2; and
(b) section 122 (3)(b) of the Act must take the form of an announcement, as defined in Part B and Part C of Chapter 5 of the Act and this Chapter.

 

(3) If a regulated company becomes aware that a person has failed to make a disclosure required by section 122, the regulated company must lodge a complaint with the Panel in terms of Section 168 of the Act.