This article represents the views of its author and not necessarily those of ShareSoc.
The Government has published how it proposes to reform the Prospectus Regime. Among the welcome changes are the ability to omit a prospectus when shares are being issued to those who already hold equity securities in the offering company, subject to certain conditions, including that the offer is made pro-rata to a person's existing holding.
The need for a prospectus introduced a costly barrier to the issue of shares ...