Launch of high-growth segment of the London Stock Exchange main market
The London Stock Exchange (LSE) launched a high-growth segment to its main market on 27 March 2013. The segment caters for fast-growing companies seeking to join the main market, but that are not yet eligible for a premium listing on the official list due to their size and stage of development. In a key move, companies will be able to seek admission to the new segment with as low as 10 per cent of their shares in public hands, compared with the existing official list requirement for 25 per cent of shares in public hands. Once admitted, such companies will be able to continue their growth in an environment that is less regulated than the premium-listed segment.
Key features of the High Growth Segment:
- It is an equity only market open to both institutional and retail investors.
- The segment is not included in the Official List so the FSA’s Listing Rules do not apply.
- The segment has its own rulebook governing the admission process, eligibility criteria and continuing obligations.
- Companies need to issue an FSA approved prospectus in order to gain 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!
Why register to The Lawyer
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