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As per Reg 3-Notwithstanding anything contained in this regulation, an unpublished price sensitive information may be communicated, provided, allowed access to or procured, in connection with a transaction that would:– (i)entail an obligation to make an open offer under the takeover regulations where the board of directors of the 12[listed] company is of informed opinion that [sharing of such information]is in the best interests of the company; NOTE:It is intended to acknowledge the necessity of communicating, providing, allowing access to or procuring UPSI for substantial transactions such as takeovers,mergers and acquisitions involving trading in securities and change of control to assess a potential investment. In an open offer under the takeover regulations, not only would the same price be made available to all shareholders of the company but also all information necessary to enable an informed divestment or retention decision by the public shareholders is required to be made available to all shareholders in the letter of offer under those regulations. (ii)not attract the obligation to make an open offer under the takeover regulations but where the board of directors of the [listed] company is of informed opinion [that sharing of such information]is in the best interests of the company and the information that constitute unpublished price sensitive information is disseminated to be made generally available at least two trading days prior to the proposed transaction being effected in such form as the board of directors may determine16[to be adequate and fair to cover all relevant and material facts]. NOTE:It is intended to permit communicating, providing, allowing access to or procuring UPSI also in transactions that do not entail an open offer obligation under the takeover regulations 17[when authorized by the board of directors if sharing of such information]is in the best interests of the company. The board of directors, however, would cause public disclosures of such unpublished price sensitive information well before the proposed transaction to rule out any information asymmetry in the market.
As the content of a blog or messages posted on social media sites moves from impersonal to highly personal, the level of self-disclosure __________.
The number of times a Facebook Page is loaded in a given time period is referred to as
Which survey type is usually biased because those likely to respond have had especially positive or negative experiences with a given product, service, ...
Which type of personal selling presentation is the most consistent with the marketing concept?
Reminder advertising is most likely to be used at which stage of the product life cycle?
The trend toward eco-consciousness has opened up numerous opportunities for creative businesspeople who are often referred to as:
The lag from ordering an item until it is received and ready for use is called:
The type of need which is clearly specified by the customer is known as ___________.
The Dipps company produces popcorn, salsa, pasta sauce, and salad dressings under the Dipps' Own brand name. These product lines are the company's:
As a recent graduate of university, you decided to open your own nail art studio. In this scenario, you would be classified as a(n):
