Panel Statements for 1989

All the links in the following table are to documents in PDF format.

Number Date Subject Summary
1989/27 20/12/1989 AMENDMENTS TO THE CITY CODE Amendments to the Code to deal with management buy-outs
1989/26 18/12/1989 DIXONS GROUP PLC Extension of 14 day limit for posting defence circulars
1989/25 03/11/1989 DRG PLC Criticism of offeree’s financial adviser for breaches of Rules 19.1 and 19.4 relating to unsubstantiated press comments
1989/24 17/10/1989 PANEL EXECUTIVE APPOINTMENT Appointment of new Director General
1989/23 13/10/1989 THE MANCHESTER UNITED FOOTBALL CLUB PLC Criticism of offeror for failure to proceed with offer
1989/22 06/10/1989 MEAT TRADE SUPPLIERS PLC Supplemental circular required following misleading information in the defence document
1989/21 29/09/1989 B.A.T. INDUSTRIES PLC Reasons for dismissing an appeal against a ruling of the Panel Executive
1989/20 15/09/1989 B.A.T. INDUSTRIES PLC Reasons for dismissing an appeal against a ruling of the Panel Executive
1989/19 11/09/1989 DE LA RUE COMPANY PLC Breach of Rule 19.7
1989/18 06/09/1989 B.A.T. INDUSTRIES PLC Notification of an appeal against a ruling of the Panel Executive and referral of another matter by the Executive to the Panel for decision
1989/17 18/08/1989 STEAD & SIMPSON PLC Reasons for dismissing an appeal against a ruling of the Panel Executive
1989/16 18/08/1989 GATEWAY PLC Joint bid allowed to proceed despite earlier statements by offeror
1989/15 03/08/1989 WARD WHITE GROUP PLC Reasons for upholding an appeal against a ruling of the Panel Executive
1989/14 01/08/1989 BUDGENS PLC Breach of General Principle 3
1989/13 14/07/1989 THE DISTILLERS COMPANY PLC Sanction imposed on Guinness that it must compensate certain Distillers shareholders
1989/12 28/06/1989 THE GATEWAY CORPORATION PLC Ruling that Salomon Brothers was not permitted to make a market in the offeror shares until the offer was unconditional
1989/11 26/06/1989 PANEL EXECUTIVE APPOINTMENT Appointment of new Panel Secretary
1989/10 26/06/1989 THE REPORT OF A PANEL WORKING PARTY ON TAKEOVER RULES AND PRACTICES Findings of the working party and action to be taken
1989/09 23/06/1989 STOREHOUSE PLC Reasons for dismissing an appeal against a ruling of the Panel Executive
1989/08 15/06/1989 THE GATEWAY CORPORATION PLC Failure to comply with Rule 29
1989/07 09/05/1989 CONSOLIDATED GOLD FIELDS PLC Legal action deemed to be frustrating unless approved by shareholders
1989/06 02/05/1989 CONSOLIDATED GOLD FIELDS PLC Disclosure of dealings to continue until offer wholly unconditional
1989/05 17/02/1989 THE MARINA DEVELOPMENT GROUP PLC Reasons for dismissing an appeal against a ruling of the Panel Executive
1989/04 06/02/1989 AMENDMENTS TO THE CITY CODE Amendments to Rule 20.1 and 24.6
1989/03 02/02/1989 NORTON OPAX PLC Reasons for dismissing an appeal against a ruling of the Panel Executive
1989/02 30/01/1989 NORTON OPAX PLC Notification of an appeal against a ruling of the Panel Executive
1989/01 17/01/1989 ARMSTRONG EQUIPMENT PLC Correction of misleading newspaper article

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