Raising Capital

-just need one-quarter of the minimum capital to be 'paid up', s.586

Raising money:
- offer its shares for subscription
- an offer for sale: allot entire issue of shares to the issuing house (merchant bank). Issuing house will sell it to its client or general public
- a placing: placed with a group of merchant banks
- rights issue: new shares are offered to the existing shareholders in proportion to their existing shareholding. (pre-emption rights, s.561 2006)

FSA - Financial Services Authority, the UK Listing authority

Obligation when listing
-

Insider dealing
Crimianl
- s.397 FSMA - general catch-all provision
- Part V Criminal Justice Act 1993.
s.52(1)
s.52(2)(a) - induce others to deal in price-sensitive securities/disclose price sensitive info
Civil
s.118 FSMA
Market abuse -

Regulating takeovers
s.219