Secondary offering

Secondary offering guidance:

This Practice Note explains the cash box structure and the principles behind its use in connection with a proposed placing by a public limited company incorporated in the...

Practice Note

The allotment of shares and issue of shares is governed by statute and the applicable statutory provisions differ according to the type of company that is proposing the...

Practice Note

The allotment and issue of shares is governed by statutory rules, which differ according to the type of company which is proposing the allotment (private or public,...

Practice Note

The United Kingdom has voted to leave the European Union. Brexit can occur either in accordance with a ratified withdrawal agreement between the UK and the EU or...

Practice Note

Having established the existence of a ‘professional’ who may owe duties to their client, it is then necessary to consider the bases on which such duties may be founded....

Practice Note

This Market Tracker Trend Report 'Trends in UK Equity Capital Markets 2016' provides an insight into the dynamics and trends of equity capital markets activity in the UK...

Practice Note

This Market Tracker trend report, Trends in UK Equity Capital Markets, examines the current dynamics of ECM activity in respect of IPOs and secondary fundraisings on both...

Practice Note

Market Tracker’s annual report on Trends in UK Equity Capital Markets reviews ECM activity in respect of IPOs and secondary fundraisings on both the Main Market and AIM....

Practice Note

This Market Tracker Trend Report provides an insight into the dynamics and trends of equity capital markets activity in the UK for the period Q4 2013–Q3 2014. It outlines...

Practice Note

Brexit impact The operation of the UK listing and prospectus regime may be affected by Brexit. In particular for the purposes of this note, changes to reflect the UK’s...

Practice Note

The Financial Services and Markets Act 2000 (FSMA 2000) creates a range of criminal and civil/regulatory offences. For further information on civil/regulatory breaches...

Practice Note

This Practice Note considers the obligation of an issuer who issues or proposes to issue financial instruments which are within the scope of the Market Abuse Regulation...

Practice Note

Contract Where a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be: • joint •...

Practice Note

When acting on a corporate transaction (transaction) a professional adviser, eg financial adviser, solicitor, accountant etc, will enter into a letter of engagement with...

Practice Note

Market Abuse Regulation—background and purpose This Practice Note explains the key features of Regulation (EU) 596/2014 (the Market Abuse Regulation), which repealed and...

Practice Note

Market Abuse Regulation level 2 and 3 measures The purpose of this Practice Note is to provide an overview of the technical standards, technical advice and guidelines...

Practice Note

This Practice Note provides an overview of the offence of insider dealing as prescribed by the Market Abuse Regulation (EU) 596/2014 (Market Abuse Regulation). Brexit...

Practice Note

This Practice Note provides a quick guide to the key elements the unlawful disclosure of inside information provisions of Regulation (EU) 596/2014 (the Market Abuse...

Practice Note

Misleading impressions—elements of the offence The Financial Services Act 2012 (FSA 2012) creates an offence of misleading impressions where formerly under section 397 of...

Practice Note

Offences relating to financial services The Financial Services Act 2012 creates three offences relating to market manipulation where formerly under section 397 of the...

Practice Note

Part 7 of the Financial Services Act 2012 The Financial Services Act 2012 (FSA 2012) introduced new criminal offences relating to financial services of: • making false or...

Practice Note

This Practice Note focuses on the key aspects of open offers and the matters that require consideration when an open offer is being carried out by a company either: •...

Practice Note

Brexit impact The UK prospectus and listing regime may be affected by Brexit. For the purposes of this note, the main changes relate to the domestication of the current...

Practice Note

Produced in partnership with Chris McGaffin of Slaughter and May. This Practice Note focuses on types of placings and certain matters that require consideration when a...

Practice Note

The Companies Act 2006 (CA 2006) gives existing shareholders of companies a right of pre-emption by providing that a company must not allot equity securities unless it...

Practice Note

This Practice Note covers the issues relating to pre-emption rights of shareholders of listed companies. A listed company has obligations pursuant to provisions of the...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

Practice Note

This Practice Note outlines the procedure where a company either: • admitted to listing on the official list of the Financial Conduct Authority (FCA) (Official List) and...

Practice Note

This Market Tracker Trend Report looks at recent trends in rights issues and offers commentary on Q1 2015 and the year ahead. Click here to download the report in PDF...

Practice Note

This Practice Note focuses on the key legal considerations when a rights issue is being carried out by a company either: • admitted to listing on the official list of the...

Practice Note