31.6 THE TARGET BOARD'S OPINION AND THE OPINIONS OF THE EMPLOYEE REPRESENTATIVES AND THE PENSION SCHEME MANAGERS
(a) The board of the Target must send to the company's shareholders and persons with information rights a circular containing its opinion on the revised offer as required by Paragraph 24.1, drawn up in accordance with Paragraphs 24 and 26 and, at the same time:
(i) publish the circular on a website in accordance with Paragraph 25.1; and
(ii) confirm to the Panel that the circular has been published so that the Panel may publish confirmation of the same on the ADGM website.
(b) Where the board of the Target receives in good time before publication of its circular on the revised offer, an opinion from
(i) employee representatives (if there are any) on the effects of the revised offer on employment, or
(ii) an opinion from the managers of its pension scheme on the effects of the revised offer on the pensions scheme(s),
any such opinion must be appended to the circular. Where any such opinion is received but not in good time before publication of the Target board circular, the Target must promptly publish the opinion on a website and confirm to the Panel that the opinion has been published so that the Panel may publish confirmation on the ADGM website that it has been so published, provided that it is received no later than 14 days after the date on which the offer becomes or is declared wholly unconditional.