Are there different rules for different types of public company?
Maltese law and regulation distinguishes between the acquisitions of companies whose equity securities are listed on a recognised stock exchange and those whose equity securities are not so listed. Whilst the Companies Act would apply to both types of companies, the take-over rules that would apply to the acquisition of listed companies are found in the Listing Rules published by the Listing Authority (the take-over rules are contained in Chapter 18 of the Listing Rules published by the Malta Listing Authority and can be accessed from www.mfsa.com.mt). The Companies Act and regulations made thereunder also deal with the public offer of securities and the basic prospectus requirements for such offers.
