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信息披露收购规则的立法有诸多目的,其中之一就是通过强制信息披露来保证信息透明和程序公正,最终达到保护股东利益的目标。本指令规定了三种主要的信息披露形式:(1)收购前整体信息披露:具体规定参见《要约收购指令》第10条。所有上市公司都必须强制性披露其股份和控制结构,不论其当前是否参与到要约收购的过程。(2)与收购有关的信息披露:具体规定参见《要约收购指令》第6、8、9(5)以及14条。收购要约发出后,要约公司与受要约公司需要披露相关信息。
The disclosure of information disclosure rules of the legislation has many purposes, one of which is to force the disclosure of information to ensure transparency and procedural fairness, and ultimately to protect the interests of shareholders. The Directive stipulates three main forms of information disclosure: (1) Overall information disclosure before the takeover: For details, see Article 10 of the Takeover Orders. All listed companies must make mandatory disclosure of their shares and controlling structures, whether or not they are currently involved in the takeover bid process. (2) Disclosure of information related to the acquisition: For details, please refer to Articles 6, 8, 9 (5) and 14 of the Takeover Directive. After the offer is issued, the offer company and the offered company need to disclose the relevant information.