Significant transaction
1. Treasury - corporate finance - company law - investor protection - authorisation - regulation - disclosure - good practice.
A significant transaction is one that carries relatively greater risk of having a material adverse effect on investors in a company.
Transactions may be significant because of their large size, in relation to the size of the company, or by their nature.
Significant transactions generally require more approval, authorisation and disclosure than other smaller or less important transactions.
The degree of approval, authorisation and disclosure, together with the detailed criteria for defining significant transactions, differ between legal jurisdictions and regulatory regimes.
2. Treasury - corporate finance - listed companies - UK - London Stock Exchange (LSE) - Financial Conduct Authority (FCA) - UK Listing Rules (UKLR).
A significant transaction as defined by the UK Listing Rules (UKLR).
- Votes are no longer required
- "The new rules remove the need for [shareholder] votes on significant or related party transactions...
- Shareholder approval for key events, like reverse takeovers and decisions to take the company’s shares off an exchange, is still required...
- The FCA has been clear that the new rules involve allowing greater risk, but believes the changes set out will better reflect the risk appetite the economy needs to achieve growth."
- Primary Markets Effectiveness Review - FCA - July 2024.
See also
- Authorisation
- Company law
- Corporate finance
- De-listing
- Disclosure
- Equity
- Financial Conduct Authority (FCA)
- Good practice
- Jurisdiction
- Listed company
- Listing
- London Stock Exchange
- Material
- Regime
- Regulation
- Related party transaction
- Share
- Stock exchange
- Transaction
- Treasury
- UK Listing Rules (UKLR)
