The Financial Services Authority has announced an amendment to the Listing Rules that will reduce the minimum length of the rights issue subscription period from 21 days to 10 business days. The change will be made by the Listing Rules Sourcebook (Rights Issue Subscription Period) Instrument 2009, which comes into force today. This change applies to non-statutory rights issues in circumstances where shareholders have voted to disapply their pre-emption rights. For further information see:
No comments:
Post a Comment