Thank you. Now just for the record, pointing this out isn't de ramping or "dissing" the company or suggesting deals might be done without our approval. Just pointing out that it can. In another year or so we would be right to pursue the BOD taking us to a much safer and well governed premium listing. However that option is not yet open, not least for the regular income route. Looks like some apologising might be in order today by some folk... ;-)
Lot's of argument here for this. Doesn't the annual report have a big section on it. Why don't you read that and see what it says.... that will be the one that will apply to us regardless what the rule say or doesn't say.
Some of the advantages of a standard listing and areas in which the lighter regulations may appeal to issuers are as follows:
It gives companies a public listing on the main market of the LSE. There is no requirement to appoint a financial sponsor, such as an investment bank or broker, in respect of the company’s corporate activities.
The UK Corporate Governance Code ******WILL NOT APPLY IN RELATION TO THE COMPANY"S CORPORATE GOVERNANCE********* , although a company would still be required to comply with Rule 7.2 of the Disclosure and Transparency Rules which, require a company to make a statement in the annual directors’ report as to its corporate governance practices. The Model Code does not apply in respect of the dealing in the company’s securities by directors and employees, although the laws relating to insider dealing would still apply. The restrictions on related party transactions do not apply. Shareholder approval is not required for significant transactions.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.