Market Tracker: Trend Report - Current practice in relation to Directors’ indemnities and warranties in placing agreements

Do you have a feel for how long directors and NEDs should be liable under any indemnities or warranties?

Or whether directors should be liable on a joint and several basis?

We took a temperature check on market practice, commissioning original research to see the approach advisers were taking in relation to these provisions within placing agreements for Main Market and AIM companies.

50 interviews were conducted with senior corporate finance advisers within brokers, corporate finance firms, banks, law firms and accountancy firms. Some of the results surprised us, others, less so. Would you have known, for example, that 11% of executive directors who gave indemnities in AIM placing agreements had no time limit to their liability?

Click here to see the results in the full Trend Report. We’d be interested to hear what you think...

Relevant Articles
Area of Interest