ADVOKS GLOBAL · KENYA
The Capital Markets (Take-Overs and Mergers) Regulations
30. False or misleading information
Edition: 2022-12-31 · In force
30. False or misleading information
(1)No person shall—(a)provide or cause to be provided to the holders of voting shares or their professional advisers any document or information in a take-over offer that is false or misleading;(b)provide, or cause to be provided to holders of voting shares or their professional advisers any document or information in a take-over offer in which there is a material omission; or(c)engage in conduct relating to a take-over offer that is misleading or deceptive or is likely to mislead or deceive holders of voting shares or their professional advisers.(2)Where information or a document has been circulated or provided to holders of voting shares or their professional advisers and the person who provided the information or document, or engaged in the conduct becomes aware that the document or information was false or misleading or contains a material omission or the conduct in question was misleading or deceptive, the person shall immediately disclose the fact to the Authority and the relevant securities exchange and make an announcement by way of press notice in at least two English language dailies of national circulation containing such matters as are necessary to correct the false or misleading information omission, or conduct, as the case may be.