RE: Nice to see it4 Jul 2025 14:04
19.6 POST-OFFER INTENTION STATEMENTS
(a) Any post-offer intention statement made by a party to an offer
must be:
(i) an accurate statement of that party’s intention at the time that
it is made; and
(ii) made on reasonable grounds.
(b) If a party to an offer has made a post-offer intention statement and,
during the period of 12 months from the date on which the offer period
ended, or such other period of time as was specified in the statement,
that party decides either:
(i) to take a course of action different from its stated intentions; or
(ii) not to take a course of action which it had stated it intended
to take,
it must consult the Panel. Except with the consent of the Panel, if such
a course of action is then taken or not taken (as appropriate), the party
must promptly make an announcement describing the course of action
it has taken, or not taken, and explaining its reasons for taking, or not
taking, that course of action (as appropriate).
(c) A party to an offer which has made a post-offer intention statement
must, at the end of the period of 12 months from the date on which the
offer period ended, or such other period of time as was specified in
the statement:
(i) confirm in writing to the Panel whether it has taken, or not
taken, the course of action it stated in the post-offer intention
statement that it intended to take, or not to take; and
(ii) publish that confirmation in accordance with the requirements
of Rule 30.1.