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The Public Interest Merger Reference (Telegraph Media Group Limited) (Pre-emptive Action) Order 2024

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4.  During the specified period, except with the prior written consent of the Secretary of State, the PIHL Group and the Acquiring Entities must ensure that—

(a)no step is taken to integrate the Telegraph Media Group business with any other enterprise;

(b)no significant changes are made to—

(i)the organisational structure of, or the management responsibilities within, the Telegraph Media Group business;

(ii)the composition of the boards of the companies within the Telegraph Media Group business or the RB Investco Group as they exist at the start of the specified period.

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