Schedule 1C, paragraph 7(1)

Rules must ensure that a person (“P”) is required to make a takeover bid (“a mandatory takeover bid”) where— P, or any person acting in concert with P, has acquired securities in a company, and the acquired securities, when added to any existing securities held by P or by persons acting in concert with P, directly or indirectly give P control of that company.

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Source: legislation.gov.uk · retrieved 2026-09-04