![]() The value of the consideration for the transaction or arrangement Ī brief description of the transaction or arrangement Where this rule applies, LR 11.1.7 R does not apply but instead the listed company must: 8īefore entering into the transaction or arrangement, obtain 8 written confirmation from a sponsor 7 that the terms of the proposed transaction or arrangement with the related party are fair and reasonable as far as the shareholders of the listed company are concerned and 8 7Īs soon as possible upon entering into the transaction or arrangement, make an RIS announcement which sets out: 8 8 This rule applies to a related party transaction if each of the percentage ratios is less than 5%, but one or more of the percentage ratios exceeds 0.25%. No attempt is made directly or indirectly by the firm to intervene in (or attempt to intervene in) or exert (or attempt to exert) influence on the management of the issuer within the period the securities are held.ĭefinition of “related party transaction” The voting rights are not exercised within the period the securities are held and The securities to which the voting rights attach are held for a consecutive period of 5 trading days or less, beginning with the first trading day on which the securities are held The activities set out in (2)(a) to (c) are performed in the ordinary course of business Placing securities, where the person provides a firm commitment to acquire any securities which it does not place orĪcquiring securities from existing shareholders or the issuer pursuant to an agreement to procure third-party purchases of securities Īnd where the conditions in (i) to (iv) are satisfied: ![]() Underwriting the issue or sale of securities or For the purposes of calculating voting rights, the following voting rights are to be disregarded:Īny voting rights which such a person exercises (or controls the exercise of) independently in its capacity as bare trustee, investment manager, collective investment undertaking or a long-term insurer in respect of its linked long-term business if no associate of that person interferes by giving direct or indirect instructions, or in any other way, in the exercise of such voting rights (except to the extent any such person confers or collaborates with such an associate which also acts in its capacity as investment manager, collective investment undertaking or long-term insurer) orĪny voting rights which a person may hold (or control the exercise of) solely in relation to the direct performance, by way of business, of: If you do not allow these cookies, you will experience less targeted advertising.įind out more about or view our cookie policy.ĥIn LR, a " substantial shareholder” means any person who is entitled to exercise, or to control the exercise of, 10% or more of the votes able to be cast on all or substantially all matters at general meetings of the company (or of any company which is its subsidiary undertaking or parent undertaking or of a fellow subsidiary undertaking of its parent undertaking). They do not store directly information which allows us to identify you personally but are based on uniquely identifying your browser and internet device. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. These cookies may be set through our site by our advertising partners. If you do not allow these cookies then some or all of these services may not function properly. They may be set by us or by third party providers whose services we have added to our pages. These cookies enable the website to provide enhanced functionality and personalisation. If you do not allow these cookies we will not know when you have visited our site and will not be able to monitor its performance. All information these cookies collect is aggregated and therefore anonymous. They help us to know which pages are the most and least popular and see how visitors move around the site. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. These cookies do not store any information which allows us to identify you unless you are logged into your account. ![]() You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. These cookies are necessary for the website to function and cannot be switched off in our systems. Check your settings below and select the cookies you’re happy with.
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