OVERVIEW OF THE SIGNIFICANT DEFINITIONS IN THE COMPANIES ACT NO. 71 OF 2008 PERTAINING TO “TAKEOVERS” AND “OFFERS”
Background: When engaged in matters concerning takeovers and offers, it is essential to recognise that this domain of corporate law predominantly pertains to transactions that result in, or have the potential to result in, the alteration of control in a regulated...
SHARE BUY-BACKS: A CLOSER LOOK AT THE PROPOSED CHANGES IN TERMS OF THE COMPANIES ACT AMENDMENT BILL 2023
Background: The South African corporate landscape is set for transformation with the impending Companies Act Amendment Bill 2023 (“Amendment Bill 2023”), currently published for public comment, particularly in relation to the regulations governing share buy-backs. The...
PROPOSED CHANGES TO THE TAKEOVER REGULATION PANEL’S JURISDICTION: A SHIFT FROM SECURITIES TRANSFERS TO COMPANY SIZE AND NUMBER OF SHAREHOLDERS
Background: The Takeover Regulation Panel (“TRP”) plays a crucial role in regulating corporate transactions in South Africa, ensuring fairness and transparency for shareholders in dealings involving regulated companies. Regulated companies, as defined in section 118...