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Enlarged Heritage re-admitted to Premium Listing in H2
This is where we are heading in H2 Listing Regime When listing equity securities on the Main Market, companies have the choice of two types of listing – a Premium (formerly Primary) Listing and a Standard (formerly Secondary) Listing. Premium Listing mm-premium-small A Premium Listing is only available to equity shares issued by trading companies and closed and open-ended investment entities. Issuers with a Premium Listing are required to meet the UK’s super-equivalent rules which are higher than the EU minimum requirements. A Premium Listing means the company is expected to meet the UK’s highest standards of regulation and corporate governance – and as a consequence may enjoy a lower cost of capital through greater transparency and through building investor confidence. Standard Listing mm-standard-share-small mm-standard-dp-small Standard Listings cover issuance of shares, Global Depositary Receipts (GDRs), debt and securitised derivatives that are required to comply with EU minimum requirements. A Standard Listing allows issuers to access the Main Market by meeting EU harmonised standards only rather than the UK ‘super-equivalent’ requirements. Prior to October 2009 when the FSA introduced new rules, only companies incorporated outside the UK were eligible for a Standard Listing. Now Standard listings are open to all companies regardless of domicile. For more information on the structure of the UK listing regime and a list of frequently asked questions, please visit the FSA’s website. Listing segments All issuers with securities admitted to the FSA’s Official List are assigned to a listing segment - Premium or Standard and a listing category. Please visit our statistics section to access a list of securities with details of the relevant listing segment and securities category or click here to access the FSA's Official List. Index inclusion Premium Listed companies are potentially eligible for the FTSE UK Index Series, including the FTSE 100 Index - one of the most widely recognised indices around the world. Inclusion in the FTSE UK Index Series is determined by FTSE according to published ground rules. The FTSE UK Index Series is open to eligible Premium Listed Main Market companies. Companies with a Standard Listing are not eligible for inclusion in the FTSE UK Index Series.
Do you not think it will be difficult for the company to undertake a Rights Issue while the shares are suspended, the rns states that once publication of sufficient information to allow the suspension to be lifted, expected to be on publication of circular and prospectus in early August 2012. Following lifting of the suspesion the Rights Issue can take place..
Which beach you heading for (no pun intended), just that i don't want to be seen on the same beach as you and the rest of your pensioner mates. lol
Apologies for the spelling mistakes lads, heatstroke after spending the last 3 days on the beach and more to follow today. Thanks for picking up on them and really happy that both your spelling and grammar have improved dramatically since i have been your tutor. Lets give it another couple of years before i enter you for your GCSE English exam though. Next week and it will be early August.
Sorry missed the "be" out, and i thimnk i know the other compant you're talking about, difference being Nigeria want this to happen as it guarantees existing revenue and empowers local companies..
I think its as stated, suspension lifted when all the info is in the public domain,(early August), rights issue will follow agreement of deal to be done at EGM. Re-admission of expanded company will follow agreement by Nigeria. The expanded company has to accepted by the stock market. Should be a rubber stamping evercise.
Spelling and grammar please "means form MuD's post"
You're having a thick moment mate
We all have them tucked away at the moment due to suspension, What price on lift? £4.25????? That's only £3 for OML30