• PARAGRAPH 37 PARAGRAPH 37

    • 37.1 PROHIBITED DEALINGS

      An exempt principal trader connected with a Bidder or the Target must not carry out any dealings with the purpose of assisting the Bidder or the Target, as the case may be.

    • 37.2 DEALINGS BETWEEN BIDDERS AND CONNECTED EXEMPT PRINCIPAL TRADERS

      A Bidder and any person acting in concert with it must not deal as principal with an exempt principal trader connected with the Bidder in relevant securities of the Target during the offer period. It will generally be for the advisers to the Bidder (including a corporate broker) to ensure compliance with this Paragraph rather than the principal trader. (See also Paragraph 4.2(b).)

    • 37.3 ASSENTING SECURITIES AND DEALINGS IN ASSENTED SECURITIES

      An exempt principal trader connected with the Bidder must not assent Target securities to the offer or purchase such securities in assented form until the offer is unconditional as to acceptances.

    • 37.4 VOTING

      Securities owned by an exempt principal trader connected with a Bidder or the Target must not be voted in the context of an offer.