The following Corporate guidance note provides comprehensive and up to date legal information covering:
This Practice Note focuses on the notification obligations of holders and issuers of interests in voting rights in an issuer whose shares are admitted to trading on a regulated or prescribed market in the UK where such interests reach, exceed or fall below a specific threshold by way of the acquisition or disposal of major shareholdings or the acquisition or disposal of major proportions of voting rights (including those arising from the holding of certain financial instruments) as set out in DTR 5 of the Disclosure Guidance and Transparency Rules (DTR).
For details of the notification obligations with regard to transactions by a person discharging managerial responsibilities, see Practice Note: Continuing obligations—transactions by a person discharging managerial responsibilities (DTR 3).
The operation of the UK listing and prospectus regime may be affected by Brexit. For further details of its impact, see Practice Note: Brexit—UK listing and prospectus regime. For the purposes of this note, the principal change relates to the companies to which DTR 5 will apply in a no deal scenario. For further details see section Issuers to whom the rules apply below.
DTR 5 applies to the following types of issuers:
legal entities whose shares are admitted to trading on any EEA regulated market eg the main market of
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