New Guidance on Best Practice for Disapplying Pre-Emption Rights for UK Premium Listed Companies
Client Memorandum

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On May 5, 2016, the Financial Reporting Council’s Pre-Emption Group published its first monitoring report on the application by listed companies of its revised 2015 Statement of Principles on disapplying pre-emption rights March 2015.

The Statement of Principles aims to provide clarity on the factors to be taken into account when considering the case for disapplying pre-emption rights and making use of an agreed authority for a non-pre-emptive share issue and the circumstances in which flexibility might be appropriate.

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