TKO 11.1.2 TKO 11.1.2
Governing Bodyof the Targetmust:(a) advise the Target'sshareholders of its views on the Bidby posting a Target Circularto the shareholders within 21 days of publication of the Bid Document; and(b) give prior notice to the DFSAby filing a copy of the Target Circularwith the DFSAat least 1 day prior to such posting.
TKO 11.1.2 Guidance2. The
DFSAwill not consider the merits of the response to the Bid. It should not be assumed that because of this prior notification, the DFSAwill not use powers available to it where the need for remedial action is subsequently identified.