A company applying for admission to trading on AIM (AIM admission) must meet the requirements of the AIM Rules for Companies (AIM Rules) as well as complying with: • the...
A business can be acquired by one of two methods: an asset purchase or a share purchase. The two types of transaction are fundamentally different in their nature and...
Auction processes play an important role in particular industries, for example, in the private equity industry or in government privatisations, or in large value...
Auction processes play an important role in particular industries, for example, in the private equity industry, in government privatisations, or in large value...
The buyer may fund the acquisition by way of: • cash: from its internal cash resources (or those of its parent or other group company) • debt financing: raising capital...
This Practice Note is part of the Share purchase transaction toolkit. As well as deciding whether the transaction should be structured as a share purchase or asset...
A limited company may hold, or deal with, shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006) are met. Those shares are held in treasury...
Coronavirus (COVID-19): Following the COVID-19 outbreak, some Companies House filing and other administrative procedures have been temporarily suspended or changed. For...
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 •...
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: •...
Produced in partnership with Chris McGaffin of Slaughter and May. Coronavirus (COVID-19): following the COVID-19 outbreak, the Pre-Emption Group has temporarily relaxed...
This Practice Note examines the keys steps and issues that a company will need to take and consider prior to commencing the process of applying for an initial admission...
This Practice Note examines the key steps and issues that a UK incorporated company will need to take and consider prior to making an application for the initial...
A limited company that proposes to carry out a redemption of redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006). In addition to the...
The acquisition of a company or business and assets in the context of a private equity buyout, while similar to a standard acquisition in many respects, has a number of...
Coronavirus (COVID-19) IMPACT: Certain aspects of the PSC regime are affected by temporary measures introduced to mitigate the consequences of the coronavirus pandemic...
This Practice Notice focuses on the two segments of the UK listing regime (standard and premium). It details the general listing requirements (for both a standard listing...
What is a B share scheme and why is it used? A B share scheme is one method used by UK companies to return excess capital to shareholders. It is used typically, but not...
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...
A limited company may buy back shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006) are met. This is known as a share buyback or a purchase...
A company’s share capital comprises the number of shares it has issued and allotted to shareholders at any given time. This Practice Note considers the rules relating to...
This Practice Note contrasts and compares the principal features of the two most commonly utilised transaction structures for the acquisition of a UK public limited...
A person wishing to set up a new company has the following options: • they can incorporate a new company in accordance with the Companies Act 2006 (CA 2006), which is...
Sources of partnership law The main body of law governing a general partnership formed under English law (as opposed to a limited liability partnership, limited...
Sources of limited partnership law The main body of law governing a limited partnership formed under English law (as opposed to a general partnership, a limited liability...
BREXIT IMPACT: Several aspects of the PSC regime will be affected by Brexit, including: • the availability of the Societas Europaea (SE) in the UK. For further details...
Produced in partnership with Chris McGaffin of Slaughter and May. Coronavirus (COVID-19): following the COVID-19 outbreak, the Pre-Emption Group has temporarily relaxed...
This Practice Note looks at the underwriting of an offer of shares by a public limited company, including how an underwriting is documented, the company's power to pay...
Warranty and indemnity (W&I) insurance may be used in private company sale and purchase transactions (whether structured as a share purchase or asset purchase). W&I...