NCFC would fall in the other companies bit

"(ii) Other companies
The Code also applies to all offers (not falling within paragraph (i) above) for
public and private companies† (and, where appropriate, statutory and chartered
companies and UK Societas) which have their registered offices* in the United
Kingdom, the Channel Islands or the Isle of Man and which are considered by
the Panel to have their place of central management and control in the United
Kingdom, the Channel Islands or the Isle of Man, "


I don't know if the takeover code is triggered though. Would have thought not for a new issuance rather than acquisition.

I'd have thought the purpose is to protect shareholders in the situation where someone else is buying up shares from others. Not the situation where the shareholders are consulted and approve the issuance of new shares.

Could be wrong though.

Posted By: SimonOTBC, Feb 13, 21:41:26