Shearman & Sterling LLP
Issue link: https://digital.shearman.com/i/1494420
Disclosure of Financing Terms 70 • Offer document to contain description of financing (Rule 24.3(f)) • Posting on a website of financing documents and any amendments (Rule 26.1) • Ongoing obligation to disclose material amendments (Rule 27.2) • Redaction of commercially sensitive information permitted at Rule 2.7 announcement • Market flex arrangements • Must be disclosed if still live when posting scheme or offer document • Can get dispensation from Takeover Panel to refrain from disclosing headroom amounts (often, these are therefore included in a side-letter) • Must disclose in offer document all fees and expenses in relation to entering into any financing commitment/drawing down of any financing (Note 1 of Rule 24.16) Public to Private Transactions – What You Need To Know