Execution of acceptances during an offer period

Rule 10.1 of the Takeover Code (the Code) and the associated notes consider the execution of acceptances during an offer and refer to the guidance published by the Institute.

This guidance was formerly contained in Company Secretarial Practice – the Manual of the Institute of Chartered Secretaries and Administrators. In order to recognise the move away from printed resources and to enable a more agile response to changes in market conditions, the Manual has been discontinued and replaced by this guidance note which has been revised and updated to be issued in association with the thirteenth edition of The Takeover Code published on 5 July 2021.

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