offers. Moreover, the CML introduces a new sanction in case of non-
compliance with the capital markets legislation governing mandatory
offers. Accordingly, in the event of failure to make a mandatory offer
in due time, the relevant shareholding rights shall be suspended.
The Communiqué was issued in accordance with and based on
these provisions and the authorization granted to the Board. The
Communiqué regulates the general principles, the trigger events and
specifics of mandatory offers, as well as the principles of voluntary
offers. These provisions aim to protect the small investors in public
companies and ensure that they are paid at least the price that would be
paid for their shares on the market.
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