The Takeovers Panel today published a revised Guidance Note 17 Rights issues.
The Panel issued a consultation paper in relation to proposed amendments of Guidance Note 17 on 23 February 2018. The Panel received submissions from ASIC, Gilbert + Tobin, Herbert Smith Freehills and Johnson Winter & Slattery and the Law Council1.
The final revised Guidance Note, and the Public Consultation Response Statement detailing the material comments received and the Panel's response, are available on the Panel's website.
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
1 - The Corporations Law Committee of the Business Law Section of the Law Council of Australia