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 A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked.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 Practice Note reflects the listing regime as it was prior to 29 July 2024.
B
| Buy out | This is the purchase of a company or a controlling interest in a corporation’s shares. This often happens when a company’s existing managers wish to take control of the company. |
C
| Capital redemption reserve | A non-distributable reserve into which amounts are paid following a redemption or share buyback in accordance with CA 2006, s 733. The company may use the capital |
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Demerger definition
What does Demerger mean?
A transaction or a series of transactions where a business or businesses carried on by companies in a group are taken out of the group and run under separate management but with virtually the same shareholders.
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