Define the General principles of the city code
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General principles of the city code
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- Information available to all shareholders and should be free of bias
- All shareholders treated similarly
- Shareholders are given sufficient information, time and advice.
- Directors not to frustrate takeover or act illegally (e.g. Secretly having shares bought to raise share price)
- Private side deals and changes in company's constitution aren't allowed during a takeover period.
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