Q&As

Are there any restrictions for an AIM listed plc company granting secured loan notes and issuing securities?

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Published on LexisPSL on 13/07/2018

The following Banking & Finance Q&A provides comprehensive and up to date legal information covering:

  • Are there any restrictions for an AIM listed plc company granting secured loan notes and issuing securities?
  • Can Precedent: Loan note instrument—sellers be used for the issue of loan notes by an AIM listed company?
  • Are there any restrictions around a plc granting secured loan notes and security?
  • Equity capital markets
  • Debt capital markets

Are there any restrictions for an AIM listed plc company granting secured loan notes and issuing securities?

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for DCM lawyers?

Can Precedent: Loan note instrument—sellers be used for the issue of loan notes by an AIM listed company?

Precedent: Loan note instrument—buyout—sellers is described as ‘a loan note instrument for the issue of loan notes by a private limited company as buyer to a seller in the context of the sale by the seller and purchase by the buyer of shares or assets, whether under a straightforward M&A transaction, private equity buyout or otherwise.’ The document is not therefore suitable to be used by a public company which is listed on AIM.

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