Sch 1C para 2
(1) The holders of the securities of an offeree company must have sufficient time and information to enable them to reach a properly informed decision on the takeover bid. (2) Where it advises the holders of securities, the board of directors of the offeree company must give its views on the effects of implementation of the takeover bid on— (a) employment, (b) conditions of employment, and (c) the locations of the company’s places of business.