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Using Deal analysis Deal Analysis covers a range of deal types, providing a detailed analysis of deal documents. In relation to specific deal types, transactions are only covered if the minimum consideration of the transaction meets certain thresholds. Deal Analysis also covers certain deals considered to be noteworthy, even if such deals do not meet the relevant minimum consideration threshold. Deals are considered to be noteworthy if they contain unusual features, or are structured in a new and interesting way. Details of the deal types covered and the thresholds for inclusion in the Deal Analysis deal summary database are as follows: Deal Types AGM notices All Deal Type Search Relevant Thresholds The company must be a FTSE 350 company or an AIM 50 company (this excludes closed-end investment funds). This option allows you to search across all UK deal types using a free text search. The default search results are listed from the most recent to the oldest transactions. Delistings Demergers The company must be leaving the Main Market (and not transferring to AIM) or the company must be leaving AIM (and not transferring to the Main Market). Delistings in connection with a takeover (subject to the Takeover Code) will be covered in the Takeovers deal type. From October 2014, delistings in connection with a takeover (not subject to the Takeover Code) will no longer becovered. Noteworthy demergers by companies trading on the Main Market or admitted to trading on AIM. Initial Public Offerings (IPOs) The minimum market capitalisation on admission to trading on the Main Deal Types Joint ventures LR/AIM Rules transactions Relevant Thresholds Market must be £100 million. The minimum market capitalisation on admission to trading on AIM must be £25 million. Noteworthy joint ventures with a UK element (ie one of the parties must have shares listed on the Main Market or AIM). The announcement must include a sufficient level of information on the joint venture. This covers all Class 1 transactions on the Main Market, substantial transactions on AIM and related party transactions on either AIM or the Main Market. Reorganisations To be covered, a reorganisation must be noteworthy. A reorganisation for these purposes is: An insertion of a new holding company into a group (by scheme of arrangement or otherwise) A change of tax residence A redomicile A reduction of capital A consolidation of shares (often done with a sub-division of shares) A sub-division of shares (often done with a consolidation of shares) Returns of value to shareholders To be covered, a return of value must be noteworthy. A return of value for these purposes is a: Share buyback Share scheme Special dividend Tender offer Closed-end investment funds are not included. Reverse takeovers All reverse takeovers on the Main Market and AIM. Deal Types Secondary offers Relevant Thresholds Takeovers Transfers from AIM to Main Transfers from Main to AIM The minimum consideration for a secondary offer on either the Main Market or AIM must be £10 million. A secondary offer for these purposes is a rights issue, placing, and/or open offer. The takeover must be of a company admitted to trading on either the Main Market or AIM, which is subject to the CityCode on Takeovers and Mergers. The minimum consideration for the transfer must be £50 million or the transfer must be noteworthy. All transfers are covered.