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.
News from Taylor Wessing
Briefings from Taylor Wessing
New rules will apply to most businesses selling to consumers in the EU, including to those selling online from outside the EU, from no later than 13 June 2014.
Last year — 2013 — was a considerably less eventful year for German gambling law than 2012, which saw significant reforms within the industry.
Analysis from The Lawyer
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world
Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town