The Pre-emption Group has published a revised Statement of Principles permitting companies to disapply the statutory pre-emption rights for up to 20% (on a 10% + 10% basis) of their issued share capital in any one year. This...more
The UK Secondary Capital Raising Review, led by Mark Austin, has published its proposals on how to how to improve capital raising processes in the UK after IPO. Initial findings include increasing the pre-emption thresholds...more
Further relaxations for raising capital -
As we discussed in our previous article on cash box placings, whilst the market is now looking to employ this structure where necessary, the Pre-emption Group has historically not...more
Despite the cash box being a structure which has seldom been used since March 2015 due to concerns raised by investor bodies, the urgent need for cash in uncertain times may lead to a revival of this once popular...more