Commercial law firm Stringer Saul believes the proposed EU Prospectus Directive, which aims to intro...
Commercial law firm Stringer Saul believes the proposed EU Prospectus Directive, which aims to introduce a fast-track system for the issue of new shares, is potentially fatal for the Aim market.
One of the most potentially damaging new requirements will be the need to publish an update of company information on an annual basis whether or not companies are intending to raise funds in the coming months. The Stock Exchange estimates this could cost companies between £50,000 to £100,000pa, a significant amount for the small companies quoted on Aim, the firm noted.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected