Class 1 transactions & further equity offers

Supporting you through the execution of a successful transaction

What is a Class 1 transaction?

An acquisition or disposal is considered a Class 1 transaction for a premium listed company if any of the following ratios exceed 25%:

  • Gross assets
  • Profits
  • Consideration
  • Gross capital (acquisitions only).

We will act as Reporting Accountant, providing assurance on key financial workstreams required, for all of the following:

  • A Class 1 transaction that requires an Investment Circular to be issued to obtain shareholder approval
  • Any Main Market listed company that is proposing to raise more than 20% of its share capital and is therefore required to issue a Prospectus
  • The acquisition of a public company governed by the City Code on Takeovers and Mergers, which is a complex set of principles that requires careful consideration; our specialists can support you with this.

Contact us

Ursula Newton

Ursula Newton

Partner, Capital Markets, PwC United Kingdom

Tel: +44 (0)7710 027583

Sarah Hitchen

Sarah Hitchen

Partner & UK Capital Markets Leader, PwC United Kingdom

Tel: +44 (0)7734 958782

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