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    • About the Panel
          • About the Panel

            The Takeover Panel is an independent body whose main functions are to issue and administer the Takeover Code and to supervise and regulate takeovers and other matters to which the Code applies. Its principal purposes are to ensure fair treatment for all shareholders and an orderly framework for takeover bids.

            Read more here


          • In this section:

          • Panel membership
          • Executive
          • Committees
          • Legislative basis
          • Compliance and Cold Shouldering
    • The Takeover Code
          • The Takeover Code

            The Takeover Code comprises six General Principles, 38 Rules and nine Appendices. It is designed to ensure fair treatment for shareholders and an orderly framework for takeovers.

            Read more here

            Order a printed copy of the Code here


          • In this section:

          • The Code
          • Companies to which the Code applies
          • Practice Statements
          • Instruments
    • Disclosure
          • Disclosure

            This section contains resources related to the requirement for any person who is interested in 1% or more of any class of relevant securities of an offeree or offeror company to disclose their dealings and positions.

            Read more here


          • In this section:

          • Disclosure Table
          • Disclosure Forms
          • Regulatory Information Services (“RISs”)
          • Rule 8 summary
          • Exempt & recognised intermediary status
          • PTM Levy
    • Panel Communications
          • Panel Communications

            Statements, Bulletins and Annual Reports from the Takeover Panel.

            Read more here


          • In this section:

          • Panel Statements
          • Annual Reports
          • Panel Bulletins
          • Transaction Statistics
    • Checklists, Templates and Fees
          • Checklists, Templates and Fees

            Checklists and templates for submission by a financial adviser to an offeror or an offeree company (as appropriate) may be downloaded from this section. Information about fees and charges may also be found here.

            Read more here


          • In this section:

          • How to complete checklists and supplementary forms
          • Notes to advisers
          • Fees and charges
    • Consultation
          • Consultation

            Consultations into proposed rules and amendments to the Takeover Code, including consultation papers, response statements and individual responses.

            Read more here


          • In this section:

          • Current consultations
          • Closed consultations
    • Contact
          • How to contact the Takeover Panel

          • Address

            The Takeover Panel, One Angel Court, London, EC2R 7HJ

          • General enquiries

            Telephone: +44 (0) 20 7382 9026
            Email: supportgroup@thetakeoverpanel.org.uk

          • Market Surveillance Unit

            Telephone: +44 (0) 20 7638 0129
            Email: monitoring@thetakeoverpanel.org.uk

            This email address is to be used solely for transmitting disclosure forms.

          • Further information about contacting the Takeover Panel can be found here.

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Annual Reports

Home > Panel Communications > Annual Reports

Click on the links for each year to download the relevant report as a PDF:

Annual Report 2024 

Annual Report 2023 

Annual Report 2022 

Annual Report 2021 

Annual Report 2020 

Annual Report 2019 

Annual Report 2018 

Annual Report 2017 

Annual Report 2016 

Annual Report 2015 

Annual Report 2014 

Annual Report 2013 

Annual Report 2012 

Annual Report 2011 

Annual Report 2010 

Annual Report 2009 

Annual Report 2008 

Annual Report 2007 

Annual Report 2006 

Annual Report 2005 

Annual Report 2004 

Annual Report 2003 

Annual Report 2002 

Annual Report 2001 

Annual Report 2000 

Annual Report 1999 

Annual Report 1998 

Annual Report 1997 

Annual Report 1996 

Annual Report 1995 

Annual Report 1994 

Annual Report 1993 

Annual Report 1992 

Annual Report 1991 

Annual Report 1990 

Annual Report 1989 

Annual Report 1988 

Annual Report 1987 

Annual Report 1986 

Annual Report 1985 

Annual Report 1984 

Annual Report 1983 

Annual Report 1982 

Annual Report 1981 

Annual Report 1980 

Annual Report 1979 

Annual Report 1978 

Annual Report 1977 

Annual Report 1975/76 

Annual Report 1974 

Annual Report 1973 

Annual Report 1972 

Annual Report 1971 

Annual Report 1970 

Annual Report 1969 

Disclosure Table

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The Takeover Panel
One Angel Court
London
EC2R 7HJ

General enquiries
Telephone: +44 (0) 20 7382 9026
Email: supportgroup@thetakeoverpanel.org.uk

Market Surveillance Unit
Telephone: +44 (0) 20 7638 0129
Email: monitoring@thetakeoverpanel.org.uk
(Used solely for transmitting disclosure forms.)

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