Demergers

Demergers

STOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This fundamentals note reflects the listing regime as it was prior to 29 July 2024.

A demerger is a transaction whereby a business carried on by a company within a group is taken out of that group and run under separate management but yet with virtually the same shareholders as previously.

Demergers—Market Standards deal type

For demerger announcements, demerger circulars and other documentation in relation to noteworthy demergers by companies trading on the Main Market or admitted to trading on AIM, see our Market Standards deal analysis

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