The London Stock Exchange ("LSE") on 7 August 2015, published AIM Notice 411 and issued new guidance in Inside AIM2 on certain U.S. securities known as "Regulation S, Category 3 securities," which is intended to improve the...more
An IPO can be a long process (3 to 6 months). The following 'top tips' can help smooth the process:
A preliminary legal review of the company's key assets and liabilities (including, for example, tax liabilities) will...more
In This Issue:
The Main Market of the London Stock Exchange is one of the world’s
longest established and most liquid markets trading the securities of nearly 1,300 companies from over 60 countries, including many of...more
In this Issue:
What is the Process for Admission to Trading on AIM?
Publication of either a prospectus or an admission document.
A prospectus is required where a company is offering shares to
the public under...more
Where Qualified Dividend Treatment Is Important, Serious Consideration Should Be Given to Ensuring the Company Is Eligible for Treaty Benefits Before Taking It Public.
Dividends generally are taxed at ordinary income...more
Historically, due to certain restrictions under US securities laws, equity securities of US companies and other companies that do not qualify as “foreign private issuers” under US securities laws (collectively, “US-Based...more
The protection of minority shareholders in companies with a premium listing on the London Stock Exchange came to the fore in the United Kingdom following the 2012 and 2013 publication of consultation papers on the...more
The Financial Industry Regulatory Authority (FINRA) has adopted comprehensive new consolidated rules regarding supervision of member firms' activities, which become effective on December 1. While the new FINRA rules...more
1 WHAT ARE THE BENEFITS OF JOINING THE MAIN MARKET?
- Access to capital – Joining the Main Market will provide the company with access to a wide institutional and retail shareholder base and a deep pool of capital,...more
On 13 May 2014, the London Stock Exchange (the "Exchange") published AIM Notice 39. The notice provided feedback on AIM Notice 38 (which consulted on proposed changes to the AIM Rules for Companies (the "AIM Rules") and the...more
The London Stock Exchange (the “LSE”) has long provided an attractive forum for companies with oil and gas operations outside of the United Kingdom to seek and obtain access to foreign capital markets...more
The London Stock Exchange (the “LSE”) has long provided an attractive forum for companies with mining operations outside of the United Kingdom to seek and obtain access to foreign capital markets through...more
Although partial offers are not particularly common, with only a handful made in the past several years, in some circumstances, they could be an attractive option for companies to consider. One of the most recent was the...more
The London Stock Exchange (the ‘LSE’) recently launched a new segment of the Main Market of the LSE for high growth businesses (to be called the ‘High Growth Segment’), which is a new route available for Russian businesses...more
UK Financial Services Regulatory Handover - On April 1, the long-awaited handover of power from the FSA to the "twin-peaks system," consisting of the Prudential Regulation Authority (PRA) and Financial Conduct Authority...more
The London Stock Exchange (LSE) has published rules for the new “High Growth Segment” of the LSE. This segment is targeted at high growth UK and European businesses that want access to capital, as well as a stepping stone to...more
Fast-growing European companies can now apply for admission to trading on the new segment of the LSE's Main Market....more
The Department for Business, Innovation and Skills (‘BIS’) announced in September 2012 that it had developed proposals with the London Stock Exchange (the ‘LSE’) to attract high growth companies to list...more
Following the announcement last September that the government was encouraging the London Stock Exchange ("LSE") to relax its rules for tech companies, the LSE last week formally announced its plans for a new High Growth...more
Rulebook sets out criteria for admission to the high-growth segment, which has been designed to meet the needs of fast-growing European companies.
On 13 February, the London Stock Exchange (LSE) published a draft...more
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