A transaction by a listed company which due to its size or importance is classified as a class 1 transaction under Chapter 10 of the Listing Rules, namely a transaction where the percentage ratio of any of the class tests set out in LR 10 Annex 1 is 25% or more (LR Chapter 10, LR 10 Annex 1).

ARCHIVED: This Practice Note has been archived and is not maintained. 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.  The UK Listing Rules sourcebook came into force to implement the changes and the Listing Rules sourcebook was revoked.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 prior to 29 July 2024 and has been retained for reference purposes. This document provides information about class 1 transactions undertaken by companies with a former premium listing under the old listing regime that existed prior to 29 July 2024. The previous Listing Rules have now been revoked and replaced by the UK Listing Rules. This

A transaction classified as a class 2 transaction under Chapter 10 of the Listing Rules, namely a transaction where the percentage ratio of any of the class tests set out in LR 10 Annex 1 is 5% or more but each is less than 25% (LR Chapter 10 , LR 10 Annex 1 ).

Terms derived from HMRC former specimen rules that applied to members of occupational pension schemes approved under Chapter I who joined during specified periods prior to A-day.

The person responsible for the remediation of contaminated land following the “polluter pays” principle under Part 2A of the Environmental Protection Act 1990.

A charge on land originating from a statute following an application by the chargee.

A charge on land originating from a statute where no application is required by the chargee.

A charge on land registrable under the Land Charges Act 1972, s 2(4).

A charge on land registrable under the Land Charges Act 1972, s 2(5).

An annuity created before 1 January 1926 and not registered in the register of annuities.

A charge on land arising under Part IV of the Family Law Act 1996.

The tests set out in LR 10 Annex 1, which are used to determine how a transaction is to be classified for the purposes of the Listing Rules. The relevant tests are the gross assets test, the profits test, the consideration test and the gross capital test.