Class 1 transactions & further equity offers

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.