Pre-emption rules should help small businesses - papers 16th May

According to the paper, the Pre-Emption Group, a committee of investors and company executives formed last year, has set out 21 principles to govern companies seeking to raise money by issuing shares to fresh investors. The new principles are designed to encourage greater dialogue between companies and their investors and to urge shareholders to be more flexible when asked to waive their right of first refusal to such shares. The guidance should help companies, particularly those in cash-hungry sectors such as biotechnology and technology, to bring in more investors and raise capital qui...