Launch of high-growth segment of the main London Stock Exchange market
The London Stock Exchange (LSE) has announced that the new high-growth segment of its main market is now open for admission to trading. The LSE has also published the new rules for the high-growth segment following feedback from stakeholders, along with a template application form, an eligibility letter, an issuer declaration and a ‘key adviser’ declaration.
The new rules for the High Growth Segment have not changed substantively from the draft released by the LSE last month, other than:
- an amendment to the definition of “CAGR” to clarify that a four year range of financial data is required to demonstrate the 20% growth in audited consolidated revenue over a three year period; and
- to clarify the position for reverse takeovers, including the specific requirement that issuers must send an explanatory circular to shareholders and seek their approval for a reverse takeover, rather than seeking their approval for cancellation of admission…
If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world