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ARTICLE · 27 APRIL 2015

Pre-Emption Group Publishes Revised Statement Of Principles

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On 12 March 2015, the Pre-Emption Group published a revised statement of principles for the disapplication of the UK’s statutory pre-emption rights.

United KingdomCorporate/Commercial Law
A&O Shearman
A&O Shearman
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On 12 March 2015, the Pre-Emption Group published a revised statement of principles for the disapplication of the UK's statutory pre-emption rights. The principles are not strict rules but rather are intended to provide guidance to companies and shareholders on the factors to take into account when considering whether to disapply pre-emption rights. The key changes to the last version of the principles are set out below.

  • The new guidelines clarify that the Statement applies to both UK and non-UK incorporated companies with a Premium Listing. In addition, companies with a Standard Listing or which are listed on Alternative Investment Market or the High Growth Segment of the Main Market of the London Stock Exchange are encouraged to adopt the principles.

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