It is no surprise, as a result of the wider economic
unpredictability arising from COVID-19, that listed companies
requiring urgent access to capital are turning their attention back
to Jersey cash box structures. With a long history of their use in
the capital markets, Jersey cash box structures proved popular
during the years following the global financial crash as utilising
such structures enabled listed companies to access funds on an
expedited basis when alternative methods of capital-raising were
expensive and time consuming.
What are the advantages of a Jersey cash box structure?
In an environment where there may be an urgent need for capital,
cash box structures are appealing to public listed companies in the
United Kingdom (UK PLC) as they permit UK PLCs to
issue shares for non-cash consideration. This creates timing
benefits as the pre-emption rights in the Companies Act 2006 do not
apply, dispensing with the delays involved in the need to