PEG issues revised Statement of Principles following UK Secondary Capital Raising Review
05 Nov, 2022
The Pre-emption Group (PEG), has issued a revised Statement of Principles on the disapplication of pre-emption rights, together with template resolutions.
The 2022 Statement of Principles, which implements the revised pre-emption regime set out in the UK Secondary Capital Raising Review (UKSCRR), is effective immediately.
The Statement of Principles provides guidance on the factors to be taken into account by companies and investors when considering the case for disapplying pre-emption rights. It applies to all companies (wherever incorporated) with shares admitted to the Premium Listing segment of the Official List, although companies with shares admitted to the Standard Listing segment of the Official List, to the High Growth segment or to trading on AIM are also encouraged to adopt the Statement of Principles.
Further information including the revised Statement of Principles and template resolutions is available on the FRC website.
