Following the publication today of the UK’s Secondary Capital Raising Review, the Association for Financial Markets in Europe (AFME) and UK Finance, commented:
“We welcome the Secondary Capital Raising Review’s ambitious initiative to make UK markets more attractive and competitive. The recommendations are an important step in the dialogue and ongoing process towards advancing these important objectives. We will be actively and constructively involved in the discussions and consultations to come regarding the application, development and feasibility of these aspirational proposals. We particularly support the proposed changes to allow issuers to raise funds on a soft pre-emptive basis, noting that our members helped issuers raise substantial amounts of much-needed capital through placings when this was allowed in 2020.”
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