Regulatory Alerts2008-01-01
Securities (Takeovers) Regulations, 2008
The Minister of Finance, acting on the recommendation of the Securities Authority, issued these regulations to govern takeover and merger offers affecting companies listed on the Seychelles Securities Exchange. The framework mandates fair treatment of all shareholders, requiring full and prompt disclosure of information while strictly prohibiting frustrating actions by offeree boards and ensuring equality of terms. It establishes detailed procedural requirements for offer announcements, independent financial advice, and specific restrictions on share dealings to maintain market integrity during transactions.
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