TKO 9.6 TKO 9.6 Miscellaneous rules relating to forecasts
Bidderor Targetincludes a forecast in a document, any document subsequently sent out by that entity in connection with that Bidmust contain a statement by the Directorsthat:(a) the forecast remains valid for the purpose of the Bid; and(b) the accountants and others who reported on the forecast have indicated that they have no objection to their reports continuing to apply.
When a forecast of profit before taxation appears in a document addressed to shareholders, it must be accompanied by a forecast of earnings per
Sharearising from the profit.
Whenever a profit forecast is made in relation to a period in which trading has already commenced, any previously published profit figures in respect of any expired part of that trading period, together with comparable figures for the same part of the preceding year, must be stated.
All the relevant provisions of this Section apply also to a profit forecast prepared on an inflation-adjusted basis, in which case:(a) the basis of computation underlying such a forecast must be stated; and(b) the forecast must be accompanied by a corresponding forecast prepared on a historical cost basis.