Securities act and securities (take-overs and mergers) regulations, 1999 – Rules of the Jamaica stock exchange – Whether right of appeal or judicial review-nature of section 25 proceedings – Take-over bid circular – Duty to treat with same standard of care as prospectus – Whether satisfactory proof that offeror able or will be able to implement the offer in full – Tom regulations 24, 16(1)(g), 14(3) – Duties of parties to takeover to prevent false market in shares – Whether bona fide offer – Whether issue of dissatisfaction by directors of offeree board to be dealt with in directors’ circular