Public Company Update - May 2016
Welcome to the May edition of our biannual Public Company Update, aimed at directors and in-house counsel of quoted companies, nomads/brokers and sponsors, and other interested corporate finance professionals and intermediaries.
It has been a busy six months for the Corporate group and we were pleased to continue our advance up the rankings in many key sectors in the Adviser Rankings Guide – April 2016. We have completed three IPOs on the AIM market during the first quarter of this year, and now rank 8th for total number of AIM clients and 4th place specifically for Technology clients, demonstrating our commitment to growth companies and entrepreneurs throughout the business life cycle.
As ever, there have been significant legal developments over the past six months impacting on the public company sphere, and with the commencement date for MAR of 3 July now only just around the corner, this edition includes a critical overview of the proposed changes.
We hope you enjoy this edition of our Public Company Update and find it informative. If you would like to know more, please contact Mark Howard, the relevant author, or your usual contact in the Corporate team.
PSC for quoted companies
A case study on how the new PSC transparency regime applies to quoted companies and their subsidiaries.
A review of the key changes that listed and quoted companies and their advisers need to be prepared for.
Takeover Code update
The Takeover Panel recently published its latest consultation paper (2016/1) setting out various proposed changes to the Takeover Code.
Black out periods
A review of the FCA's discussion paper on the availability of information during the IPO process.
News & Insights
Charles Russell Speechlys advises Oracle Power plc on £46.5m placing and subscription deed
Oracle Power PLC is a UK based company involved in the exploration for and development of coal in Pakistan.
COVID-19 update: Companies House filings
New regulations were launched on 26 June that will temporarily extend the various filing deadlines for companies.
Government provides welcome clarity for EMI option holders who have been furloughed
The proposed amendments will provide some clarity and address concerns regarding the consequences of furloughing EMI option holders.