We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy. Learn more here.Close Me
On 14 May 2012, PLUS Markets Group PLC ("PLUS" or the
"Company") announced that, following the termination of
the formal sale process announced to the market on 3 February 2012,
the Company intends to commence a process of orderly closure of the
regulated activities undertaken by the PLUS Group, including the
operation of PLUS's cash equities recognised investment
exchange.
In consultation with the FSA, the Company expects that the PLUS
Group's regulated activities will be wound down over a period
of up to six months in order to minimise market disruption. PLUS
has confirmed that it will work with companies currently traded on
the PLUS-quoted market to ensure they are able to find suitable
alterative arrangements for the trading of their shares. In the
interim, the market will continue to operate as normal.
The closure of the PLUS market is likely to mean that many
companies will now seek to admit their shares to listing on other
exchanges, in particular the Alternative Investment Market
("AIM") of the London Stock Exchange. It is expected that
some smaller PLUS companies or those with low levels of liquidity
in their shares may be taken private.
The CMS UK Equity Capital Markets team specialises in advising
companies on listing on AIM, as well as on the Official List, and
can provide advice and guidance on the formalities and timings
required in moving to those markets, as well as the relative
benefits and disadvantages and the continuing obligations with
which listed companies must comply.
This article was written for Law-Now, CMS Cameron
McKenna's free online information service. To register for
Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance
only. The information and opinions expressed in all Law-Now
articles are not necessarily comprehensive and do not purport to
give professional or legal advice. All Law-Now information relates
to circumstances prevailing at the date of its original publication
and may not have been updated to reflect subsequent
developments.
The original publication date for this article was
15/05/2012.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Business Owners often ask whether a contract that their company is entering into can in fact take effect from an earlier date compared to the date on which it is to be signed by the parties.
The new Companies House registration regime seeks to modernise and streamline the charge registration process and a new, optional, online registration system has been introduced.
The recent case of Petroleo Brasiliero v E.N.E. Kos 1 Limited is a timely example of how the historical principles of bailment remain highly relevant today and how the law on bailment is still developing.
The attitude of the courts is shifting in favour of extending the occasions when liquidated damages clauses in business to business contracts are upheld.
After three years of consultation, new Companies House registration requirements have now come into force and apply to charges created on or after 6 April 2013 by companies and limited liability partnerships registered in England and Wales.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
