RE: RNS - Form 8 (DD)10 Mar 2025 13:58
Under the UK Takeover Code, Form 8 (DD) is generally required for Public Dealing Disclosures when there are dealings in relevant securities by a party to an offer or a person acting in concert. If no such dealings have occurred, the form may not be required, even if discussions are taking place before an offer is made.
However, the Takeover Panel may require disclosures for transparency, depending on the circumstances. For example, if the discussions are public knowledge or if there are significant market movements, the Panel might request disclosures to ensure a fair and orderly market.