Contents.
15. (1) The public announcement shall contain as may be specified, including the following,—
a. name and identity of the acquirer and persons acting in concert with him;
b. name and identity of the sellers, if any;
c. nature of the proposed acquisition such as purchase of shares or allotment of shares, or any other means of acquisition of shares or voting rights in, or control over the target company;
d. the consideration for the proposed acquisition that attracted the obligation to make an open offer for acquiring shares, and the price per share, if any;
e. the offer price, and mode of payment of consideration;
f. offer size, and conditions as to minimum level of acceptances, if any.
intention of the acquirer to either delist the target company or retain the listing of the target company. In case of proposed delisting under regulation 5A, the proposed open offer price and indicative price as required under regulation 5A shall be disclosed along with an explanation setting out the rationale and basis for justifying the indicative price.
2. The detailed public statement pursuant to the public announcement shall contain as may be specified in order to enable shareholders to make an informed decision with reference to the open offer.
3. The public announcement of the open offer, the detailed public statement, and any other statement, advertisement, circular, brochure, publicity material or letter of offer issued in relation to the acquisition of shares under these regulations shall not omit any relevant information, or contain any misleading information.