On 30 June 2017, the City of London Law Society and the Law Society published their updated Q&A on MAR. This updated version of the Q&A includes a new Part C relating to various transactions (for example, placings or open offers, etc.) involving a subscription for shares. It addresses three specific questions in relation to disclosure of inside information in connection with such transactions:
- can the issuer selectively disclose inside information to counterparties to such transactions;
- if so, can the issuer delay the disclosure of that inside information to the market; and
- does that inside information have to be announced before contracts in respect of the relevant transaction are entered into.
The full text of the updated Q&A is available at:
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