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Cash Box Transactions - The Use of Jersey Companies

July 2010 - Finance. Legal Developments by Ogier .

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This briefing document explains how a United Kingdom public limited company (‚ÄėPLC‚Äô), which is listed on the main list of the London Stock Exchange or on AIM, may use a Jersey company in a ‚Äėcash box‚Äô transaction where PLC is raising money either through a placing of its shares, a rights issue or where a convertible bond is issued.

Although cash boxes have been used for many years their popularity has increased significantly since September 2008 as more PLCs look to raise funds instead of relying on the debt markets post credit crunch. Ogier have advised on more cash boxes than any other firm and have the experience and expertise to assist PLCs with any offshore structuring. Cash boxes have been used by not just PLCs listed on the Main List of the London Stock Exchange but also by AIM listed companies.

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